San Mateo County Employees’ Retirement Association, Redwood City, Calif., hired Beach Point Capital Management to run about $32.5 million in opportunistic credit, recently released board meeting minutes show.
As of Dec. 31, the $3.3 billion pension fund had a 19% allocation to fixed income.
Michael Coultrip, chief investment officer, could not be reached for additional information, including a funding source, by press time.
