Montgomery County Employees' Retirement System, Rockville, Md., is...

Montgomery County Employees’ Retirement System, Rockville, Md., is searching for an international equity manager, said Patrick Bell, director of pension investments. The system has a target international equity allocation of 13% of total assets; the county recently passed legislation lifting the 10% ceiling on the asset class. The new manager will follow an active EAFE mandate, running 3% of the $1.8 billion in total assets. The system is in the process of issuing RFPs, and hopes to pick a new manager by year end. Lazard Freres and State Street Bank are the fund’s other international equity managers. Wilshire Associates is assisting.