LOS ANGELES -- The Orange County Transportation Authority has asked its underwriting team to find ways to improve returns on the nearly $1 billion the authority has invested in the Orange County pooled investment fund.

The underwriting team, headed by Lehman Brothers, was chosen last week for a three-year contract, James Kenan, director of finance and administration for the authority, said Monday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.