National Automatic Sprinkler Industry Pension Fund, Landover, Md., increased Loomis Sayles’ active domestic core-plus fixed income portfolio to $180 million from $82 million; the $2.4 billion plan also added one of MetLife’s INDEX TRACK funds, which is managed by Loomis Sayles and guaranteed by MetLife. The funds are benchmarked to the Lehman Brothers Aggregate bond index.
Funding comes from reallocating existing bond portfolios, said Todd Davis, National Automatic’s consultant and director of investment management research at Marco Consulting.
