New Orleans SWB Hires Mellon for International Equities; Emerging Markets Equities

The Sewerage and Water Board of New Orleans has hired Mellon for an international equity and emerging markets equity mandate.

$7 million will be allocated to the BNY Mellon DB SL ACWI ex-U.S. Small Cap Fund.

Additionally, $7 million will be allocated to the BNY Mellon DB SL Emerging Markets Stock Index Fund.

Funding for the two strategies come from the Earnest Partners Non-U.S. Equity Large Cap portfolio.

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