City of New Bedford (Mass.) Contributory Retirement System, with $160...

City of New Bedford (Mass.) Contributory Retirement System, with $160 million in assets, hired Deutsche Asset Management to run a $35 million core fixed-income portfolio, replacing Vanderbilt Capital Advisers, previously known as ARM Capital, which was terminated because of poor performance, according to Watson Wyatt consultant Larry Brown. Charles C. Field, Vanderbilt spokesman, declined to comment on the termination. Watson Wyatt assisted.