Ohio Police & Fire Pension Fund is looking for a new high-yield fixed income manager, Pensions & Investments reports. The new manager will run a total of about $400 million in active U.S. high-yield fixed income.
The search comes due to a change in the $12 billion allocation of the system, adopted in February 2010. The change increased the overall fixed-income allocation of the system to 51.6% from 20% and to high yield from 8% to 15%.
Click here for the story from Pensions & Investments.