Lexington (Mass.) Retirement System is searching for a manager to run...

Lexington (Mass.) Retirement System is searching for a manager to run $6 million to $8 million in high yield, with a small amount of emerging markets flexibility, and a TIPS manager to run $2 million, said John Haggerty of Meketa, consultant for the $75 million pension plan. Partial funding may come from reducing a $33 million active domestic core fixed-income portfolio managed by Wellington Management, but funding sources have not been finalized. Terminations are not expected, Mr. Haggerty said.