Denver City & County Deferred Compensation Plan added the Metropolitan West Total Return Fund to the lineup of its 457(b) plan, a letter to plan participants shows.
The Metropolitan West Asset Management fund replaced PIMCO's Total Return Fund, which was removed because of the Sept. 26 departure of William H. Gross, co-founder and chief investment officer and portfolio manager on the Total Return Fund. The change took effect Feb. 23 and assets in the Pacific Investment Management Co. fund were mapped to MetWest.
Consultant Innovest Portfolio Solutions assisted. The plan had about $550 million in assets as of August 2013. A more recent asset size could not be learned by pres time.
Heather Britton, manager of benefits and wellness, could not immediately be reached for additional information.
