California Plan Continues Hiring Spree

By Marc Sorondo

July 21, 2008

The San Bernardino County Employees' Retirement Association (SBCERA) made two more hires in its ongoing search for credit managers, said Don Pierce, investment officer with the $6 billion plan. Pierce said that the board approved allocations of $30 million each to American International Group's Mortgage Opportunity Fund and Halcyon's Asset-Backed Value Fund.

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