Fairfax (Va.) County Uniformed Retirement System hired fixed-income managers Peregrine Capital and TCW to run $38 million each, said Jeff Willison, investment manager. Peregrine will use a positive return strategy, and TCW Group will run a strategic mortgage-backed securities portfolio. Funding came from reducing fixed-income portfolios managed by PIMCO and Payden & Rygel, leaving them with $76 million each, Mr. Willison said.
CRA RogersCasey is consultant for the $600 million system.
