The Coca-Cola Co., Atlanta, hired Loomis Sayles to replace Pacific Investment Management Co. as the investment manager for the U.S. core-plus active fixed-income option in The Coca-Cola Co. 401(k) Plan, said a company notice to participants obtained by Pensions & Investments.
The notice said the change will take place March 12. The plan had $4.59 billion in assets as of Dec. 31, 2013, according to its most recent 11-K filing.
The notice said the plan's assets management committee periodically reviews investment options, and the plan was making the change “as a result of a recent review.”
The notice didn't provide details on the reason for the change or the size of the fixed-income option. Spokesman Kent Landers wrote in an e-mail that the company doesn't comment on investments.