Mercer says terminated Pimco, Western Asset as subadvisors on a bond fund -SEC

April 4 Fri Apr 4, 2014 3:55pm EDT

April 4 (Reuters) - Mercer Investment Management, Inc. has terminated Pacific Investment Management Company LLC and Western Asset Management Company as subadvisors to the Mercer Core Fixed Income Fund, effective immediately, according to an SEC filing on Thursday.

Reuters reported on Monday that Pimco was also removed as the subadvisor of two bond funds totaling $3.7 billion offered by ING U.S. Investment Management, according to another regulatory filing. (Reporting by Jennifer Ablan; Editing by James Dalgleish)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.