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Access here alternative investment news about LA Fire and Police to Renew Mackay Shields for High Yield Investment Management, Praising Firm's "Defensive" Strategy
Hedge Funds

LA Fire and Police to Renew Mackay Shields for High Yield Investment Management, Praising Firm's "Defensive" Strategy

by ens.lacity.org posted 4years ago 41419 views
During this contract period MacKay Shields did not outperform its benchmark. Staff, however, believes the firm has performed well during a challenging period for a high yield manager with a strategy that emphasizes credit quality. MacKay Shields has continued to pursue the strategy for which it was originally hired, and over the course of its tenure with the Fund it has added value net of fees.