Indiana Public Retirement System, Indianapolis, removed Taplin Canida & Habacht from a watchlist for the $313 million it manages in core fixed income, according to a system report.
The system, which oversees $24.7 billion in assets, had been concerned about organizational issues, but after meeting with the officials at Taplin Canida, the INPRS staff “determined the manager's organizational structure and current staff is acceptable,” the report said. It had been placed on watch Sept. 30.
Strategic Investment Solutions, the system's investment consultant, assisted in the evaluation.
Managers on the watchlist are subject to possible termination if the issue isn't resolved, according to system policy.
Taplin Canida manages the portfolio for the $15.9 billion Indiana Public Employees' Retirement Fund, which INPRS oversees along with the $8.8 billion Indiana State Teachers' Retirement Fund and five other state pension funds that have a combined $85.4 million in assets.