CONTRACTAMENDED

$600K Reallocation From Western Asset Reversed

Disclosed value: $600,000 (reallocated and then returned); From agenda
Document date: Feb 24, 2023

What it covers

The Retirement Board temporarily reallocated $600,000 from Western Asset to Invesco for a balanced risk allocation strategy, but returned the funds to Western Asset after share class eligibility issues arose.

Who holds it

Western Asset holds this financial services contract with City of Rockville. Its other public contracts on record include work for City of Sebastopol and City of Oklahoma.

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Contract details

Contract type: Financial Services
Amount: $600,000 (reallocated and then returned)
Document date: February 24, 2023
Vendor: Western Asset
Agency: City of Rockville
Source document: City of Rockville Retirement Board Agenda 2023-02-24 (Agenda)

Western Asset's other public contracts

City of Sebastopol, CaliforniaWestern Asset Identified for Potential Bond Management · Jun 2, 2026Undisclosed City of Oklahoma, OklahomaWestern Asset Fixed Income Mandate Terminated · Dec 11, 2025Undisclosed City of Oklahoma, OklahomaBoard Pays Western Asset for 3Q Investment Management · Dec 11, 2025$60.1K City of Oklahoma, OklahomaTermination of Western Asset Holdings Considered · Dec 11, 2025Undisclosed City of Baton Rouge, LouisianaWestern Asset Funds Shifted to New Ares Allocation · Aug 27, 2025Undisclosed All Western Asset contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Rockville?

Western Asset was awarded this financial services contract by City of Rockville, as recorded on February 24, 2023. The contract value is $600,000 (reallocated and then returned).

How much is the Western Asset contract with City of Rockville worth?

The Western Asset contract with City of Rockville is valued at $600,000 (reallocated and then returned), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Rockville Retirement Board Agenda 2023-02-24 (Agenda), dated February 24, 2023 from City of Rockville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Western Asset hold?

Western Asset may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Rockville currently buying?

Explore City of Rockville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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