Thanks to a heightened interest in diversified inflation strategies, the Kansas City Police Employees Retirement System (KCPERS) Board of Trustees decided last week to hire Fidelity Investments Strategic Real Return Fund.
Investment committee members at the New Mexico Public Employees Retirement Association (NMPERA) approved a recommendation to place one of its fixed-income managers on watch.
Board trustees at the Tulare County Employees Retirement Association (TCERA) have approved placing PIMCO on its watch list due to the departure of Co-founder Bill Gross, Dave Kehler, administrator at the pension fund, told IMMP.
Fixed-income firm Cutwater Asset Management will be acquired by BNY Mellon. Cutwater will operate as part of BNY Mellon Investment Management when the deal is completed, BNY said Monday.
An emerging market fixed-income search has been launched by the New Mexico Public Employees Retirement Association (NMPERA).