Southfield (Mich.) Fire & Police Retirement System hired Baring Asset...

Southfield (Mich.) Fire & Police Retirement System hired Baring Asset Management as its first international fixed-income manager and Oaktree Capital Management as its first high-yield bond manager to diversify its $200 million defined contribution plan, said George Vitta, the Asset Strategies consultant who is assisting the fund. Each manager will run $9 million and funding will come from rebalancing, he said.