Hawaii Employees takes Oechsle, PIMCO bond portfolios off watchlist

Hawaii Employees' Retirement System, Honolulu, removed Oechsle International Advisors and Pacific Investment Management Co. from its watchlist, confirmed Vijoy Chattergy, chief investment officer of the $11.7 billion pension plan.

PIMCO manages about $660 million core-plus fixed income and Oechsle, $333 million in international bonds.

The two managers were placed on watch in February for performance, and Mr. Chattergy said their performance has improved since then.