San Antonio Fire & Police Pension Fund approved a search for an unconstrained fixed-income manager, said recently released board meeting minutes.
The $2.6 billion pension fund does not issue RFPs. Investment consultant NEPC is assisting.
The size of the allocation could not be learned by press time. Funding will come from redemptions from large-cap and international equity managers.
Separately, the pension fund named four finalists in its search for a manager of emerging managers, according to the minutes. The finalists were Attucks Asset Management, FIS Group, Northern Trust Asset Management and Progress Investment Management, according to the minutes.
Further information about the search could not be learned by press time.
Matthew O'Reilly, chief investment officer, did not return a telephone call by press time.
