Idaho Public Employee Retirement System, Boise, terminated Credit Suisse Asset Management, which ran $180 million in active global fixed income benchmarked to the Lehman Aggregate index, said Robert Maynard, CIO. The manager was terminated for performance and personnel changes. The money will go to the $6 billion pension plan’s existing managers for rebalancing, mostly going to equity, he said. The current allocation is 55% domestic equity, 30% fixed income and 15% international equity. R.V. Kuhns advised.
Ashweeta Durani, Credit Suisse spokeswoman, did not comment by press time.
