Roanoke (Va.) City Pension Plan will pick real estate and convertible...

Roanoke (Va.) City Pension Plan will pick real estate and convertible bond managers to run $13 million each, said Jesse Hall, treasurer and director of finance. Funding for the new asset classes, part of a diversification effort, will come from cutting fixed income, currently a total of $90 million managed by State Street Global Advisors and INVESCO; further information wasn’t available. Officials for the $260 million system will make a selection in mid-May from a shortlist presented by investment consultant Fiduciary Capital Advisers, Mr. Hall said.