New Orleans Employees Retirement System is expected to chose at its Nov. 16 board meeting either to replace State Street Global Advisors as a $10 million active EAFE manager or to retain SSgA and search for an additional active international equity manager to help meet a 5% target, said Jerry Davis, board chairman for the $350 million fund. The funds current active international equity allocation is around 3%, Mr. Davis said. Separately, Mr. Davis said, the board recently met for the last time with JMC Capital Management, a small-cap growth U.S. equity manager, regarding its performance. "The board gave them two more quarters to improve their performance before making a decision whether to replace them or not, he said. The system had reduced JMCs portfolio from $30 million to as little as $9.5 million, he said. A decision is expected by December.