The $92 billion Massachusetts Pension Reserves Investment Management Board has evaluated candidates for the developed international value equity search. Staff is recommending allocating $1 billion into SMAs across three managers.
According to meeting materials from the August 2 board meeting, it was recommended to allocate $450 million with Columbia Threadneedle Investments, $300 million with Causeway Capital Management, and $250 million to Pzena Investment Management.
Causeway and Pzena are diverse managers. MassPRIM has an existing relationship with Pzena in Emerging Markets Equity.
Funds will be sourced from the existing SSGA World ex-US account.
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: Koncheng Moua, Director of Data Management and Strategy
Koncheng Moua is the Director of Data Management and Strategy at Dakota.
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