New Orleans Employees' Retirement System is searching for one or two...

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.