Hampshire to add bank loan-high yield combo

Hampshire County Retirement System, Northampton, Mass., will invest in a combined bank loan and high-yield fixed income portfolio for the first time, and is looking for a manager to run an initial $5 million to $8 million, confirmed Mary Baronas, administrator of the $175 million system. Funding could come from “a little bit of everywhere,” Ms. Baronas said, but no manager terminations are planned. NEPC is assisting.