Kansas Public Employees Retirement System, Topeka, will likely begin an asset-liability study this summer, after choosing a consultant, said Glenn Deck, executive director. Trustees interviewed Ennis Knupp and incumbent Pension Consulting Alliance in their search for a general consultant, Mr. Deck said. PCA has been with the plan for five years, and trustees like to periodically review all service providers, he said. A selection could be made "fairly shortly," he said.
Separately, the fund took no action against PIMCO, which runs $412 million in active domestic core fixed income for the $10.4 billion system, said Mr. Deck. Following a staff report last week detailing market-timing allegations against the firm's mutual funds, trustees decided to keep PIMCO on watch, but no action is pending, he said. Mark Porterfield, PIMCO spokesman, said the company had no comment.