Kansas Public Employees Retirement System, Topeka, took no action against PIMCO, which runs $412 million in active domestic core fixed income for the $10.4 billion system, said Glenn Deck, executive director. 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, Mr. Deck said. Mark Porterfield, PIMCO spokesman, said the company had no comment.
Separately, 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. The consultant chosen will help the plan conduct an asset-liability study, which is likely to start this summer, he said.