San Bernardino (Calif.) County Retirement System will select a global...

San Bernardino (Calif.) County Retirement System will select a global fixed-income manager from four finalists at its Monday board meeting, said Timothy Barrett, CIO for the $3.3 billion system. The selected firm will manage a $165 million global core-plus portfolio, he said. The finalists are: Standish Ayer & Wood; Goldman Sachs Asset Management; Baring Asset Management; and Morgan Stanley Dean Witter. The money will come from Scudder Kemper Investments. A fixed-income review resulted in the mandate change, Mr. Barrett said. Scudder Kemper managed primarily sovereign debt securities. The new mandate seeks to take advantage of European spread products such as corporate bonds and mortgage-backed securities. In a related matter, San Bernardino will review its domestic and international equity portfolios in August or September, he said.