The $1 billion Fresno County Employees' Retirement Association, Fresno, Calif., hired three domestic fixed-income managers, said Clyde J. Francone, assistant treasurer. Voyageur Asset Management, Bradford & Marzec and ARM Investment Services each will be assigned $100 million.
Assets will come from a fixed-income index fund run by BZW Barclays Global Investors, which the association uses as a temporary allocation. Pension Consulting Alliance assisted in the searches.
