San Francisco City & County Employees' Retirement System identified 10 finalists in its search for a high-yield bond manager. Finalists are Alliance Capital; BEA Associates; Caywood-School; W.R. Huff; Loomis-Sayles; Oaktree Capital; OFFITBANK; Salomon Brothers; Shenkman Capital; and TCW Group. The firms are being asked to fill out an RFP by July 7.
The $10 billion fund originally had considered 35 firms. Asset Strategy Consulting is assisting. The manager selected could receive $250 million in assets. TCW currently is a high-yield bond manager for the system.