The $2.6 billion Missouri State Employees' Retirement System, Jefferson City, is converting half of its international equity allocation to an active approach from passive, said Rich Dahl, chief investment officer.
The fund has $390 million in an international index fund with Bankers Trust Co., New York. Plans are to move half of that money to an active, top-down country allocator.
The fund diversified into international stocks last June, initially into passively managed equities, with the intention of later moving part of that money into an actively managed portfolio.
