Wichita Retirement Selects PGIM as Fixed Income Core Plus Manager

The joint investment committee of Wichita Retirement Systems has concluded its search with the selection of PGIM as manager of the pension’s fixed income core plus mandate.

In recently released minutes from its board meeting on November 7 of last year, Wichita voted unanimously to hire the Prudential subsidiary as it “took more calculated risk” and “had a better ‘bench’ of players to draw from for future leadership changes.” Fidelity was also considered for the search. 

General consultant Callan assisted in the evaluation process for the Kansas-based pension, which manages a $1.3B portfolio, per latest Dakota data.