Wayne County ERS Retains Fixed Income Manager

The Wayne County Employees Retirement System has retained Marathon Asset Management to serve as a new investment manager, according to meeting materials from the June 24th board meeting. 

Marathon Asset Management will fulfill a $20 million mandate to manage a CMBS Bonds Portfolio. 

Investment consultant, Titan Wealth Advisors, recommended the selection.

As of September 30, 2023, the Retirement System had a value of $840.9 million and allocated 11.74% to fixed income. 

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