San Antonio Fire & Police tap Commonwealth

San Antonio Fire & Police Pension Fund hired Commonwealth Advisors as a mortgage-backed and asset-backed securities fund manager to run $30 million, according to recently released meeting minutes. Funding comes from terminating Harris Associates, which ran $98.4 million in a commingled international equity account. The remainder of Harris’ allocation was divided among existing managers LSV Asset Management and Julius Baer Investment Management, which received $25 million each, and cash. LSV has an international large-cap equity portfolio; Baer’s portfolio was unknown. Warren Schott, CIO of the $2.2 billion plan, could not be reached for comment. Consulting Services Group, the plan’s investment consultant, assisted. No RFP was issued.