Searches and Hires

Hollywood Employees signs GoldenTree for multisector fixed income

Hollywood (Fla.) Employees' Retirement Fund hired GoldenTree Asset Management to run about $12 million in multisector fixed income, said Lisa Castronovo, pension coordinator, in an email.

The $312 million pension fund conducted a shortlist search; Crescent Capital Group and Loomis Sayles & Co. were the other finalists.

As of March 31, the actual fixed-income allocation was 25.6%; the target is 30%. Ms. Castronovo said no managers are being terminated, but did not provide a funding source.

Investment consultant Segal Marco Advisors assisted.