Lower Colorado River Authority, Austin, Texas, hired TT International to manage $9 million in international growth equity, taking over half of Global Asset Management’s $18 million portfolio, said Patricia Garrison, benefits administrator of retirement plans. The $180 million defined benefit plan terminated Global for performance reasons. Glen Meade, the fund’s other international equity manager, will take over the other $9 million.
LCG assisted.
Officials at Global did not return calls by press time.
