San Bernardino County Employees allows ZAIS to invest in MBS, whole loans

San Bernardino County (Calif.) Employees' Retirement Association's board expanded ZAIS Group's investment guideline, allowing the manager of $169 million in structured credit to also invest in mortgage-backed securities and whole loans, said Nicole Dailey, communications officer for the $6.4 billion pension fund.

The ZAIS Group's mandate focused on corporate structured credit, Ms. Dailey wrote in an e-mail.