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.
