Marin County ERA Selects Dodge & Cox in FI Manager Search

The Marin County Employees Retirement Association (ERA) has concluded its fixed income manager search with the selection of Dodge & Cox to replace Western Asset Management for its core-plus fixed income program.

According to recently published minutes from its December 4, 2024, meeting, the board unanimously voted to hire Dodge & Cox as it had the “highest performance with the least risk.” Dakota previously reported in November last year that four finalists were under consideration for the mandate, including Fidelity Institutional Asset Management, Loomis, Sayles & Company, and PGIM. Callan assisted the pension in the manager search and selection process.

As of the latest Dakota data, the California-based county pension manages an overall portfolio of approximately $3.3B assets.