Fresno City (Calif.) Retirement System is considering a search for its...

Fresno City (Calif.) Retirement System is considering a search for its first emerging markets fixed-income manager, said Stanley McDivitt, retirement administrator of the $1.5 billion fund. No timetable has been set for a decision. Separately, the fund narrowed an emerging markets equity manager search to two finalists to help reach a 2% target, and is expected to make a decision at its Feb. 10 board meeting, said Mr. McDivitt. He wouldn’t name the firms.