West Virginia Investment Management Board, Charleston, with about $4.6 billion in pension fund and workers compensation assets, picked four active international equity managers, said H. Craig Slaughter, executive director.
They are Silchester International, TT International, Mastholm Asset Management and Jacobs Asset Management. Each manager will receive about $175 million over a two and one-half year period. The system is moving into equities for the first time as a result of a law passed last September.
The system also is searching for domestic small-cap equity managers, to whom it will allocate 15% of assets. The board has not yet decided whether it will pick active or passive managers, he said. The board hopes to pick finalists by September, he said.