Georgia Firefighters commits $25 million

Georgia Firefighters’ Pension Fund, Conyers, added $10 million to a distressed mortgage portfolio run by Hyperion Brookfield for a total investment of $42 million, and $15 million to an active domestic large-cap equity portfolio managed by Sector Capital Management, for a total of $29 million, Jim Meynard, executive director for the $650 million fund, said in an e-mail.

Fund officials added to the mortgage securities investment to take advantage of the recent subprime mortgage situation, and added to Sector Capital’s portfolio because of good performance, Mr. Meynard said.

Funding for the changes came from closing a TIPS portfolio and reducing an enhanced S&P 500 equity index fund to $90 million, both managed by SSgA, he said. Consulting Services Group assisted.