St. Louis County Retirement Plan, Clayton, Mo., hired Western Asset Management to run $46 million in a core-plus fixed-income strategy, said Kirk McCarley, personnel and retirement director of the $460 million system. The move was made to improve returns, he said. Funding comes from terminating Wellington Management, which ran the money in an active domestic intermediate bond strategy. Summit Strategies assisted in the private search.
WAMCO chosen by St. Louis County
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