The $7.6 billion Cook County Annuity & Benefit Fund has appointed MacKay Shields, an affiliate of New York Life Investment Management, Pensions & Investments reports. MacKay Shields will be managing nearly $300 million in core-plus fixed income (FI). The Chicago-based fund issued the RFP in August and selected Loomis Sayles and Prudential as the other finalists.

Separately, the fund allocated $75 million each to JPMorgan Select Property Fund and Prudential Prisa. It also terminated Optimum Investment Advisors, which managed $150 million in domestic large-cap growth equities, and NCM Capital Management, which ran $50 million in domestic large-cap core equities. The fund was assisted by Callan Associates.

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