West wins $100m Texas Teachers mandate

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West Asset Management has won a $100m (£69m) high yield bond mandate from the $90bn (£62.4bn) Teachers Retirement System (TRS) of Texas pension fund.

The mandate will be run by West's fixed income arm, Criterion Investment Management. The win brings Criterion's high yield assets under management to over $400m (£277.5m). Criterion use a bottom up...

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