San Mateo County Employees' Retirement Association, Redwood City, Calif., hired three managers to run a total of $350 million, said an announcement on the $4.3 billion pension fund's website.
At its Jan. 28 meeting, the board hired DoubleLine Capital to manage $200 million in its securitized income strategy. The mandate will be run within the pension fund's core fixed-income portfolio.
The board also hired Graham Capital Management to run $75 million in its quantitative global macro strategy and Pacific Investment Management Co. to manage another $75 million in its multiasset alternative risk premium strategy. Both strategies will be within the pension fund's absolute-return portfolio.
Michael Coultrip, chief investment officer, could not be immediately reached to provide further information.
