Philadelphia Public Employees Retirement System Hires LIM

The $4.9 billion Philadelphia Public Employees Retirement System made 10 local, diverse and emerging manager hires totaling $290 million at a board meeting on Tuesday, Director of Investments Christopher DiFusco said, in an e-mail. 
 
The plan hired six domestic equity managers, three fixed-income managers and one international equity manager, with the allocations to each manager ranging from $15 million to $50 million.  LIM was hired to manage a Core fixed income portfolio. 
 
News regarding the hires was first released on June 5, 2014 by Financial Investment News.