School Employees Retirement System of Ohio, Columbus, hired BlackRock to replace Sanford C. Bernstein as a core domestic fixed-income manager. BlackRock will manage $400 million, which is slightly more than Bernstein managed, said Doug Sisson, director-investments for the $7.5 billion fund. Sanford Bernstein was terminated earlier this year.
Separately, Mr. Sisson replaces Paul Kubinsky as director-investments. Mr. Kubinsky retired from the fund. Previously, Mr. Sisson was senior investment officer for equities.