Lubbock Fire Pension Fund Swaps Fixed-Income Managers

At the May 8 board meeting, the Lubbock Fire Pension Fund approved the use of the JP Morgan Core Bond Fund and Dodge & Cox Income fixed income strategies.

JP Morgan and Dodge & Cox will replace Metropolitan West Total Return Fund.

The $35.7 million mandate will be split evenly ($17.85 million each) between JP Morgan Core Bond Fund and Dodge & Cox Income.

CAPTRUST assisted with the recommendation.

As of March 31, the Pension fund had a value of $271.9 million in assets. 

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