Dearborn Heights (Mich.) General Government Pension Board hired Reinhart, Mahoney & Bryden as its first domestic fixed-income manager; Aeltus as its first large-cap growth U.S. equity manager; and Loomis, Sayles as its first large-cap value U.S. equity manager, said John Riley II, executive director for the $35 million fund.
Funding for all three mandates will come from two terminated $15 million balanced account portfolios previously managed by Loomis, Sayles and Reinhart, Mahoney & Bryden. Portfolio sizes are still undetermined.
Salomon Smith Barney assisted.
