The Investment Management Corporation of Ontario (IMCO) has awarded approximately $1 billion to two global credit managers, representing IMCO’s “foundational” allocation to actively managed public credit, and enhancing the firm’s access to the structured credit and leveraged loans markets.
Toronto, Canada-based IMCO, which provides asset management and other services to public-sector institutions, on June 16 committed to investing $550 million with Loomis, Sayles & Co. and $450 million with Beach Point Capital Management. Together, the managers will handle active allocations to investment grade debt, high-yield bonds, structured credit, and leveraged loans for . . .
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