Fleetwood Enterprises Inc., Riverside, Calif., invested $10 million in the Shenkman Capital Management Primus High Yield Bond Fund for its $220 million money purchase plan, said Betsy Gealogo, retirement plan manager. Funding came from terminating Penn Capital Management because of performance; it ran $10 million in active domestic high-yield fixed income. Patrick E. Rowan, client service assistant at Penn Capital, did not return calls seeking comment by press time.
The plans asset allocation is 56% domestic equity, 36% domestic fixed income, 7% international equity and 1% cash. Salomon Smith Barney advised.