The Ohio Police and Fire Pension Fund, Columbus, terminated Shenkman...

The Ohio Police and Fire Pension Fund, Columbus, terminated Shenkman Capital Management from a $177 million high-yield bond portfolio for performance, said David Graham, spokesman for the $10 billion fund. Shenkman had been on watch for four quarters. Officials for the plan are already selecting finalists from a search initiated in June and plan to select one or two high-yield managers next month, Mr. Graham said. Officials at Shenkman declined to comment.