MassHousing Retains GQG, Commits $4M to ABS in EM Manager Search

Following an emerging markets equity search that received 24 responses, the Massachusetts Housing Finance Agency Retirement System has decided to continue its investment relationship with GQG Partners and allocated $4M to ABS Global Investments.

According to recently released November 12 meeting minutes, the pension selected the two managers after reviewing the three finalists, including Pzena Investment Management, to its emerging markets equity search. Per Dakota data, MassHousing has previously allocated approximately $4.6M to GQG Partners Emerging Markets Equity in 2019. Meketa assisted in the search and selection process.

Per a third quarter portfolio performance update, Meketa said all asset classes in MassHousing’s portfolio saw positive returns during the period, excluding international emerging market equities, real estate, and private equity. Overall fund performance generated 3.7% returns in Q3, 8.6% YTD, and 15.4% in trailing year return.