Oklahoma Teachers' Retirement System, Oklahoma City, took two fixed-income managers off “alert status,” said Tom Spencer, executive director, in an e-mail.
Being put on alert is a step below being placed “on notice,” which is the last step before termination.
MacKay Shields runs roughly $257 million in high-yield fixed income, and Lord Abbett manages $613 million in a core-plus fixed-income strategy for the $14 billion pension fund.
“The (investment) committee and board agree that there is no continuing cause for concern about the changes,” Mr. Spencer wrote.
The managers' alert status will expire Wednesday.