Anne Arundel Selects Scout to Replace Wamco for $125M FI Portfolio

The Anne Arundel County Retirement and Pension System is swapping in Scout Investments for Western Asset Management (WAM) in a $125M reallocation within its domestic core-plus fixed income portfolio.

Per recently published minutes of its November 19, 2024, board meeting, Anne Arundel County approved the liquidation of its WAM portfolio to be transferred to Scout in the conclusion of the pension’s manager search, following recommendations from consultant NEPC. Dodge & Cox and Fidelity were also considered during the selection process. 

The Maryland-based retirement system said that as of September 30, 2024, it is overseeing $2.5B in total assets across its employee, police, fire, and detention and deputy sheriffs pension plans.