INVESTING/PORTFOLIO STRATEGIES

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.