San Antonio Fire & Police Pension Fund hired emerging managers Altum Capital Management and Varadero Capital to run $10 million and $5 million in structured credit, respectively, said Matthew O'Reilly, chief investment officer of the $2.7 billion pension fund, in an e-mail.
A search was launched last year for emerging managers to run hedge fund strategies.
Separately, the pension fund is searching for an emerging manager to run an emerging markets allocation.
The pension fund's manager of emerging managers, Attucks Asset Management, will conduct the search, Mr. O'Reilly wrote. He did not provide additional information. An Attucks official was not immediately available for additional information.