San Bernardino (Calif.) County Employees Retirement Association hired fixed-income managers Seix Investment Advisors and Pareto Partners to manage $180 million and $100 million, respectively, said Don Pierce, investment officer at the $3.68 billion fund. Funding comes from the fund's $813 million core bond and $1.6 billion equity portfolios, Mr. Pierce said. No managers are being terminated, he added.
Separately, consultant New England Pension Consultants is developing a shortlist of transition management firms, which will be given to the fund's investment committee for approval, Mr. Pierce said. Those interested in being included on the shortlist should contact New England Pension Consultants, he said.