Colorado's Public School Investment Board, Denver, rehired Janus Henderson to run about $105 million in short-duration fixed income for the state's $1.4 billion Public School Permanent Fund.
The board approved the hiring, pending contract negotiations, at its Oct. 13 meeting, said Sheena Kadi, spokeswoman for the Colorado Department of the Treasury, which oversees the investment fund.
The board issued an RFP in June due to the Oct. 31 expiration of Janus Henderson's contract. The other finalists were J.P. Morgan Asset Management, MFS Investment Management and Segal Bryant & Hamill.
The Public School Permanent Fund is an endowment funded by the state's School Land Trust.
As of June 30, the endowment's actual allocation to fixed income was 57.5%; the target is 60%.
Investment consultant Callan assisted.
