Greater Kansas City (Mo.) Foundation decided to review its $56 million fixed-income portfolio next month and consider whether to restructure it, instead of searching for a new bond manager as originally planned, said Yvonne Kean, vice president finance.
The $450 million foundation, which had been monitoring an active bond manager, terminated that firm and reallocated the $8 million involved to a passive bond manager in December, said Ms. Kean. She would not provide further details.
