Westfield Contributory pegs pair for emerging markets equities
By Kevin Olsen | December 26, 2012 2:43 pm
Westfield (Mass.) Contributory Retirement System hired Fisher Investments and Wells Capital Management to run $4 million each in active emerging markets equities, confirmed Raymond Depelteau, chief investment officer.
The $150 million pension fund also allocated $3 million to Wasatch Advisors, which was hired in October to manage active international small-cap equities, Mr. Depelteau said in an e-mail. The asset amount had not been determined at the time Wasatch was hired.
Separately, the pension fund on Jan. 24 will interview Wellington Management, MFS Investment Management, Lazard Asset Management and RBC Global Asset Management, finalists to manage about $19 million in core EAFE equities. More than one manager could be selected.
The pension fund issued an RFP in August for managers to run a combined $30 million in active international small-cap, international core and emerging markets equity because of a shift in its international equity portfolio to active management from passive.
Funding is coming from State Street Global Advisors, which currently manages 15% of plan assets in an MSCI EAFE index fund and 6% in an MSCI Emerging Markets index fund.