Allentown, Pa., named Deutsche Asset, PIMCO and Reams Asset as finalists to run a $30 million active core fixed-income portfolio for the citys $134 million pension plan, said Barbara Bigelow, finance director. Previous manager Seix Investment Advisors, which ran the same portfolio, was terminated for performance, she said. A selection will be made in mid-June, she said. Spagnola-Cosack is advising.
Bob Sherman, partner and director of client relations at Seix, said the firm resigned and was never notified of the termination.