Lincoln (Neb.) Police & Fire Pension Fund added $2 million each to international equity mutual funds managed by Capital Group and Oakmark Funds, said Paul Lutomski, pension officer.
The changes are the result of the $193 million pension fund's liquidation of its $4 million investment in an emerging markets equity mutual fund managed by OFI Global Asset Management. A reason for the liquidation was not provided.
The additions give the mutual funds a total of $12 million each.
Separately, the pension fund liquidated a $5 million internally managed dividend portfolio and will move the assets to a Vanguard Group domestic large-cap equity mutual fund, giving it a total of $55 million.
Investment consultant Watershed Investment Consultants assisted.