Fiduciary Management Associates (FMA) has been selected by Russell Investments to manage a $30 million active equity portfolio, Pensions & Investments reports. The hiring has been made on behalf of South Korea’s $292 billion National Pension Fund. The smidcap value strategy is part of a broader multi-manager portfolio managed by Russell and specifically tailored for the Seoul-based pension fund. FMA is an independent employee-owned investment management firm based in Chicago.

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