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Pension Funds

New Hampshire Retirement re-signs 3 equity managers running $1.5 billion

The Sawyers Crossing Covered Bridge in Swanzey, N.H.

New Hampshire Retirement System, Concord, renewed three equity manager contracts totaling nearly $1.5 billion, spokesman Marty Karlon said in an email.

The $8.7 billion pension fund renewed the contracts of BlackRock (BLK), which runs $1 billion in passive large-cap equities, and Fisher Investments, which runs $252 million in active international core equities, through June 30, 2020; and the contract of Causeway Capital Management, which runs $236 million in active international core equities, through July 31, 2020.

BlackRock was originally hired in September 2010, Fisher Investments in September 2001 and Causeway Capital in October 2014. No RFPs were issued.

As of March 31, the actual allocations to domestic equities and international equities were 30.5% and 20.7% respectively.