The San Diego City Employees' Retirement System (SDCERS) has made an investment in the Term ABS Loan Facility (TALF) with Metropolitan West Asset Management (MetWest). The firm will manage $80 million of the plan's assets.

Meanwhile, SDCERS has selected Invesco for an equity market neutral mandate, ending a search it  approved late last year.
Rebecca Wilson, chief of staff at the $3.3 billion plan, said Invesco  would manage a $100 million portfolio. Also considered for the account were Acadian Asset Management, Analytic Investors and Barclays Global Investors.
In December 2008, SDCERS authorized its consultant Callan Associates to seek out market neutral managers.
SDCERS has target allocations of 38% domestic equity, 17% international equity, 21% domestic fixed-income, 4% international  fixed-income, 11% real estate and 9% market neutral strategies.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.