San Francisco City & County pension fund picks PIMCO for emerging markets debt
By Kevin Olsen | March 15, 2013 4:02 pm
San Francisco City & County Employees' Retirement System hired Pacific Investment Management Co. to run $100 million to $110 million in emerging markets debt, confirmed Norm Nickens, executive assistant to the $16.7 billion pension fund.
The pension fund issued an RFP in October after it had decided to liquidate Ashmore Investment Management's local currency short-duration portfolio and pursue a strategy that includes longer-duration assets as well as corporate emerging markets debt.
Separately, the plan committed up to $25 million to RRJ Capital Master Fund II, a private equity fund focused on investments in China and Southeast Asia.