The Merced County Employees Retirement Association has hired Wellington for active core fixed income management.
$40 million will be allocated to the Wellington Core Bond Fund. Funds will be sourced though a partial sale of Barrow Hanley.
A search for an active core fixed income manager was conducted to evaluate potential replacements to the County’s sole core bond active manager, Barrow Hanley.
Baird and Income Research & Management were also considered.
The pension fund’s consultant, Meketa, assisted with the search.
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