Kansas Public Employees Retirement System, Topeka, hired Loomis Sayles to run $200 million in domestic high-yield fixed income, confirmed Robert “Vince” Smith, chief investment officer of the $12 billion system.
The new strategy will be funded from reducing the system’s domestic equities, Mr. Smith said in a telephone interview. He said the mandate is likely to be expanded over the next few months.
Loomis Sayles also runs about $400 million for KPERS in medium-grade fixed income, Mr. Smith said.
He said the KPERS board approved the strategy in March.
