Mississippi PERS to Initiate $1.4B Global Growth Equity Search

The Public Employees’ Retirement System (PERS) of Mississippi will be seeking a global growth equity manager for a mandate of $1B to $1.4B, per materials from its investment committee meeting on December 17, 2024. 

Mississippi PERS said it is looking for candidates that align with the MSCI ACWI IMI and the Callan Global Equity Peer Group as benchmarks and aims to review eight to 12 semi-finalists. The state pension initiated the search to replace existing manager Epoch Global Choice “due to performance and personnel reasons” as well as cost considerations, and is looking for a manager that would complement its current global growth equity roster consisting of Acadian, Harding-Loevner, and LSV Global Value. 

General consultant Callan is assisting the pension in the manager search and selection process.