San Antonio Fire & Police Pension Fund hired Attucks Asset Management as a manager of emerging managers, recently released board minutes show.
Attucks replaced Capital Prospects, which was terminated because the firm deals with only U.S. managers and the board wants to expand into international emerging managers, the minutes show.
Additional information could not be learned by press time.
A search began in June. Other finalists were FIS Group, Northern Trust Asset Management and Progress Investment Management Co.
Separately, the $2.6 billion pension fund hired Goldman Sachs Asset Management to run $100 million in unconstrained fixed income, the minutes indicate.
Funding will come from redemptions from large-cap and international equity managers, previous board minutes indicated.
Additional details could not be learned by press time.
Separately, three finalists were named in the pension fund’s search for a private debt manager: Orchard Global Asset Management, Shoreline Capital Management and Babson Capital.
Additional details could not be learned by press time.
Matthew O’Reilly, chief investment officer, did not return a telephone call by press time.
