New Orleans Employees Retirement System is searching for one or two short-term fixed-income managers to run up to $20 million in liquid assets, said Jerry Davis, board chairman. The invitation-only search is through plan consultant Morgan Stanley, he said. The $350 million plan expects to interview short-term cash management finalists in July or August. After that, he said, the system will consider its first move into alternative investments.
New Orleans Employees' Retirement System is searching for one or two...
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