New York City Fire Department Pension Fund awarded $807 million in fixed-income contracts, said Jane Levine, deputy comptroller for pensions.
The $6.6 billion fund hired PIMCO and retained Lincoln and Fischer Francis to run $400 million in government bonds, she said. PIMCO replaces Taplin Canida.
Prudential and Schroders will run $67 million in Yankee bonds previously managed by Fischer Francis. T. Rowe Price, Taplin Canida and Credit Suisse, which run a total of $340 million in corporate bonds, were retained.
Some of the mandates will be rebalanced next week, said Ms. Levine, who also noted that not all of the firms rebid.