Kansas Public Employees Retirement System, Topeka, hired T. Rowe Price to manage $350 million in core-plus fixed income, confirmed Robert “Vince” Smith, chief investment officer of the $12 billion system.
TCW, which had run $463 million in that strategy, was terminated in January because of personnel changes. It could not be learned by press time where the remaining $113 million is invested.
The board also committed up to $35 million to the Blackstone/GSO Capital Solutions fund, which focuses on credit-related strategies and private market lending, and up to $30 million in Wellspring Capital Partners V, which focuses on small- and middle-market buyouts, Mr. Smith wrote in an e-mail.
Also Loomis Sayles was hired to run an initial $250 million in the system’s new high-yield bond strategy that could grow to 5% of fund assets, or about $600 million.
Mr. Smith could not be reached for further details by press time.
