The C$110 million (U.S. $79 million) support staff pension plan of the University of Saskatchewan, Saskatoon, picked Sceptre Investment Counsel to manage C$6 million in international equity, its first international allocation.
The assets came from part of the fund's balanced allocation managed by Jarislowsky Fraser. The fund's consultant, J.P. Marshall, helped with the search.
Also, the university's C$550 million (U.S. $396 million) academic pension plan moved its C$28 million international allocation to Laketon Investment Management after its portfolio managers moved there from Canada Life Investment Management. John Bright, director of benefits, said the fund had just hired CLIM and decided to follow the management team.