West Virginia Investment Management Board, Charleston, will consider...

West Virginia Investment Management Board, Charleston, will consider at its Thursday board meeting whether the $5.3 billion system will be allowed to invest in high-yield bonds, said H. Craig Slaughter, executive director. Recent changes in state law permit those investments. Board staff will recommend Western Asset Management, the system’s active domestic fixed-income manager, be permitted to opportunistically invest in high-yield bonds so long as they are rated B and above, Mr. Slaughter said.