Cambria County ERS Terminates Non-U.S. Equity Manager

The Cambria County Employees Retirement System has terminated the Mondrian Non-U.S. Equity account, according to minutes from the November 28th Board meeting.

Investment consultant, Marquette, recommended an approach that would mirror the U.S. Equity allocation, which would terminate one of the value managers and move assets to an index fund.

The Mondrian account had a market value of approximately $5.4 million as of December 31, 2022.

Funds will be reallocated to the Fidelity Global Index Fund.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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