Essex Regional Retirement Board, Danvers, Mass., hired Loomis Sayles to manage high-yield fixed income and Freedom Capital to run international value equities, said Lilli Gilligan, assistant to the chairman of the Essex board. Loomis will manage about $11 million, and Freedom will run $10.3 million, said Kevin Leonard, the Segal Advisors consultant who is assisting. Loomis replaces a manager Ms. Gilligan declined to identify, and Freedom Capital replaces Bank of Ireland Asset Management; both were terminated for underperformance.
Ed Riley, spokesman at Bank of Ireland, did not return calls by press time seeking comment.
