FUNDRAISING NEWS | August 08, 2022
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.
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Koncheng Moua is the Director of Data Management and Strategy at Dakota.
