Milwaukee Employees' Retirement System plans to hire Reams Asset...

Milwaukee Employees’ Retirement System plans to hire Reams Asset Management to handle $300 million in core opportunistic fixed income, contingent on contract negotiations. If talks should fail, PIMCO is the $4.3 billion fund’s second choice, said Jennifer Shannon, chief investment officer. Funding comes from a core domestic bond portfolio managed by Firstar, which was terminated as part of the plan’s restructuring of the bond portfolio.