Bristol County Retirement System scouting for 2 emerging markets equity managers
Bristol County Retirement System scouting for 2 emerging markets equity managers
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Bristol County Retirement System, Taunton, Mass., is looking to hire two emerging markets equity managers to each run $40 million on behalf of the $835 million defined benefit plan.
Segal Marco Advisors, investment consultant to the pension fund, is assisting with the search.
Documents on the plan s website show that as of Sept. 30, its two emerging markets equity managers were Standard Life Aberdeen, which ran $40 million, and Lazard Asset Management, which managed $35 million.
Information about whether the search is being done to replace the existing managers or if the system is looking to hire two additional emerging markets managers wasn t immediately available.
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Bristol County Retirement seeks passive equity, fixed-income managers
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Bristol County Retirement System, Taunton, Mass., is considering allocating up to at least $30 million to two passive funds one for domestic equities and the other for fixed income.
The board is looking to allocate up to $20 million to a passive domestic equities fund benchmarked against the Russell 1000 or S&P 500 indexes, and up to $10 million to a passive fixed-income index fund benchmarked against the Bloomberg Barclays Aggregate Bond index.
Segal Marco Advisors, investment consultant to the $804 million pension fund, is assisting with the search.
The search is being conducted to comply with state law, said Roxanne L. Donovan, executive director of the pension fund. Funding will come from rebalancing.