Alameda County Employees Retirement Association, Oakland, Calif., hired Brandywine Asset Management to run $210 million in global fixed income, subject to fee negotiations. If the parties fail to agree on fees, the $3.6 billion pension funds second choice is Bridgewater Associates, according to minutes of the Oct. 12 investment committee meeting. The move into global fixed income is a first for the fund, and stems from a new asset allocation decided late last year.
Alameda County Employees' Retirement Association, Oakland, Calif....
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