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December 23, 2014 12:00 AM

Douglas County pension fund goes with Delaware Investments to replace PIMCO

Rob Kozlowski
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    Douglas County Employees' Retirement Plan, Omaha, Neb., hired Delaware Investments to run a $15 million active domestic fixed-income portfolio, said recently released pension committee meeting minutes.

    Funding comes from the $266 million pension fund's termination of Pacific Investment Management Co. from a similar portfolio.

    A reason for the termination was not given, but multiple plans have terminated PIMCO since the Sept. 26 resignation of William H. Gross, the firm's co-founder and chief investment officer.

    Investment consultant Asset Consulting Group assisted.

    Kathy Adair, insurance and pension coordinator, did not return phone calls by press time.

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