Minneapolis Teachers’ Retirement Fund Association terminated Loomis Sayles for performance, said Karen Kilberg, executive director and CIO. According to the plan’s website, the manager ran $78 million in active domestic core fixed income and $39 million in active domestic high yield, as of June 30. The $700 million plan moved the assets to an existing fixed-income account, run by Mellon Trust and benchmarked to the Lehman Aggregate index. The fund didn’t use a consultant. Ms. Kilberg would not provide further details.
Christopher Lazzaro, vice president of public relations for Loomis Sayles, declined to comment.
