Sacramento County (Calif.) Employees' Retirement System picked Capital...

Sacramento County (Calif.) Employees’ Retirement System picked Capital Guardian Trust and Bank of Ireland Asset Management to manage $510 million in international equities. Capital Guardian will run two portfolios for the $3.4 billion retirement fund: $170 million in emerging markets equity and $200 million in an EAFE account. Bank of Ireland will run a $140 million EAFE portfolio. The move follows a shift away from regional approaches and a boost in international equity exposure to 20% from 15%. Schroders and Morgan Grenfell, which manage respective Pacific Basin and European equity portfolios worth about $120 million each, will be terminated. William M. Mercer assisted.