Merced County Hires Wellington for Core Fixed Income Search

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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.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Dakota

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