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ChatGPTClaudePerplexity· Related development
Board replaces its international small-cap manager and adds PIMCO for private debt
The board adopted the actuaries' recommended mortality tables and raised the assumed administrative expense from 0.50% to 0.60%. It replaced the Kayne Anderson Rudnick International Small Cap fund, citing underperformance and a manager change, with the American Funds SMALLCAP World Fund, and approved moving about $8.8 million, $4.4 million from each current private debt manager, to the PIMCO Flexible Credit Fund.[1]
What the sources say
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To fund the PIMCO allocation, approximately $4.4 million was to be liquidated from each of the current private debt managers to place approximately $8.8 million with PIMCO; both changes passed unanimously. [1]
- Pimco
- $8,800,000
