Making its first move to international equities, the $250 million San Luis Obispo County Employees Retirement System, San Luis Obispo, Calif., hired Vanguard, said Tony Petruzzi, executive secretary. The system plans to allocate $3.5 million to two Vanguard international mutual funds, the Pacific portfolio and the European portfolio.
Funding will come from new cash flow and from reducing the allocation of two domestic equity index funds. The fund did the search internally.
