Orange County Employees Retirement System board, Santa Ana, Calif., has approved the transfer of control of the assets managed by PIMCO to its new owner, Allianz.
Separately, a motion that the fund’s chief legal officer study whether any board members have conflicts of interests over outside financial interests failed for lack of a second. However, the board did pass a revised conflict-of-interests policy.
Later this week, the board is expected to vote on a new investment policy statement.
