Houston Police Officers’ Pension System hired Credit Suisse and Shenkman to manage $60 million to $65 million each in high-yield fixed income and Loomis Sayles and Seneca to run $57 million each in domestic fixed income, said John Lawson, executive director.
The $2.2 billion plan hired the managers after an asset allocation review.
Loomis and Seneca replace Northern Trust and ARM, which were terminated for reasons Mr. Lawson did not disclose.
The searches were conducted in-house.
