This content is from: Corner Office

Pennsylvania Seeks Equity Managers

The Pennsylvania Municipal Retirement System is planning to search for three new equity managers.

The Pennsylvania Municipal Retirement System (PMRS) is planning to search for three new equity managers, Pensions and Investments reports. The Harrisburg-based retirement system will hire the managers to handle $240-250 million in active international equities.

The system’s incumbent international equity managers are Mercator Asset Management, which manages $43 million, and growth managers GlobeFlex Capital and Wentworth, Hauser & Violich, which oversee about $135 million and $65 million, respectively. All the managers can re-apply, when the system will issue a RFP.

Click here for the story from Pensions & Investments.

Related Content