---
title: Seattle City Replaces Emerging Market Debt Manager
description: Seattle City Replaces Emerging Market Debt Manager.
---

[Dakota Funds ](https://dakotafunds.com/dakota-funds)

# [Seattle City Replaces Emerging Market Debt Manager](https://dakotafunds.com/dakota-funds/fundraising-news/seattle-city-replaces-emerging-market-debt-manager)

 Written by [Koncheng Moua, Director of Data Management and Strategy](https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy) | May 12, 2023

The Seattle City Employees’ Retirement System has hired PIMCO as the new Emerging Market Debt manager.

PIMCO replaces Ashmore Emerging Markets Blended Debt strategy. According to meeting minutes from the March meeting, the Ashmore account was fully redeemed with performance and fees as part of the reason for the redemption.

The Ashmore account was valued at $51 million as of February 28, 2023.

Funds will be reallocated to the PIMCO Emerging Markets External Bond Collective Investment Trust.

NEPC assisted with due diligence.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a *[free trial](https://www.dakota.com/free-trial)* of Dakota Marketplace!*

* *

[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/seattle-city-replaces-emerging-market-debt-manager)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Koncheng Moua, Director of Data Management and Strategy"
  },
  "dateModified" : "2024-04-04T23:26:46.914Z",
  "datePublished" : "2023-05-12T04:00:00Z",
  "headline" : "Seattle City Replaces Emerging Market Debt Manager",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1175,
    "url" : "https://22672301.fs1.hubspotusercontent-na1.net/hubfs/22672301/Imported_Blog_Media/seattle_pensions-3.jpg",
    "width" : 1567
  },
  "mainEntityOfPage" : "https://dakotafunds.com/dakota-funds/fundraising-news/seattle-city-replaces-emerging-market-debt-manager",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Dakota Funds"
  }
}
```