Non-Core Fixed Income

The Non-Core Fixed Income pool invests in various classes of fixed income securities oriented towards credit.  The role of this pool is to provide growth of capital and income generation, utilizing strategies that fall within the range of traditional fixed income/credit strategies.  Many of these strategies will not be liquid allowing the SIC to take advantage of illiquidity premiums available in these markets.  Investments may include unconstrained bond strategies, structured credit securities, high yield corporate bonds, direct lending strategies, opportunistic credit funds, and distressed debt strategies.  Eligible investments may include both rated and non-rated securities.  Rated securities may include those rated below investment grade.The Credit & Structured Debt pool invests in various classes of fixed income securities oriented towards credit.  The role of this pool is to provide growth of capital and income generation.  Investments may include collateralized debt obligations, collateralized loan obligations, credit opportunity funds, leveraged loan portfolios and other complex/synthetic structured finance instruments. Eligible investments may include both rated and non-rated securities. Rated securities may include those rated below investment grade.