Boca Raton (Fla.) Police & Firefighters' Retirement System hired three managers to run a total of about $54 million, recently released board meeting minutes said.
The $340 million pension fund hired Ashmore Investment Management to run 6% of the fund's assets, or about $20 million, in active emerging markets debt. Also, the pension fund committed about $17 million each to an opportunistic credit fund managed by GoldenTree Asset Management and a private debt fund managed by Neuberger Berman. The names of the funds and the funding sources for all three managers were not disclosed.
Investment consultant Segal Marco Advisors assisted.
Leslie Harmon, pension manager, could not be immediately reached to provide further information.
