Monroe County Taps Hudson Edge in Int’l Equity Search

The Monroe County Employees Retirement System is making allocations of $17.4M each to a new international equity manager and an existing fixed income manager, per its December 2, 2024, board meeting minutes.

In the conclusion of its international equity manager search, the pension board approved a $17.4M investment in Hudson Edge Trinity Street International Fund, as recommended by general consultant AndCo. Additionally, the board also unanimously passed a motion to commit another $17.4M to Boyd Watterson, an existing manager within its fixed income portfolio, by year-end. Monroe County has invested in Boyd Watterson funds since at least 1990, per Dakota data.

As of September 30, 2024, the Michigan-based pension managed approximately $264M in total plan assets.