New York City Teachers’ Retirement System hired Lincoln and BlackRock and rehired Miller Anderson and PIMCO each to run $720 million in its mortgage-backed securities program, said Jane Levine, deputy comptroller for pensions for the $30 billion plan. Miller Anderson had managed $806 million; and PIMCO, $936 million. Dresdner, which managed $926.2 million for the program, was not reselected. Additional funding came from rebalancing.
The $2 billion New York City Board of Education pension fund rehired PIMCO, which will continue to manage $200 million for the program, Ms. Levine said.
