US - Dodge & Cox has retained its $400m large cap equities mandate with the $4.4bn Wyoming Retirement System.
Tom Mann, benefits and communications administrator at the fund, said that Dodge & Cox fended off competition including Alliance Bernstein and Bear Sterns Asset Management. Dodge & Cox has been retained on an on-going basis, and both sides have a 30 day termination notice facility.
Don Eibsen of Buck Consultants, Denver, advised the fund.
Additionally, Mann claimed that reports that the fund had put Offitbank on watch due to the departure of Morris Offit as the firm's chief executive were false.
Currently, Offitbank runs a $200m high yield bond mandate for the fund. At the start of the month, Gerald Fox, director at the Cheyenne based fund, told IPN that it was reviewing its arrangements with the Wachovia owned asset and wealth management firm in the light of Offit's departure.
By Geoffrey Ho
Females can expect to live a greater number of years in poor health than males, according to data from the Office for National Statistics (ONS) for 2015 to 2017.
Scottish higher-rate taxpayers will benefit from more pensions tax relief than workers on the same salary anywhere else in the UK as income tax bands continue to diverge.
Schemes risk breaking the law and being forced to wind up as The Pensions Regulator (TPR) warns some may be master trusts but do not know so.
As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.