The $48 million defined benefit plan of Chatham County, Savannah, Ga., hired GLOBALT to manage $1 million in U.S. equities with high exposure to international markets. David Persaud, director of finance and a trustee for the plan, said the move diversifies the plan's equity portfolio. Funding came from a reduction in the allocations to existing equity managers.
The $48 million defined benefit plan of Chatham County, Savannah, Ga....
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