San Antonio Fire & Police Pension Fund hired Banc One and EARNEST Partners to manage $100 million each in active domestic core fixed income, said Warren J. Schott, investment officer. Funding came from terminating two active domestic fixed-income managers running a total of $200 million in assets; Mr. Schott declined to give further details.
The $1.2 billion pension plan’s asset allocation is 45% domestic equity, 30% domestic fixed income, 15% international equity, 7% alternatives and 3% real estate.
Salomon Smith Barney advised.
