San Antonio Fire & Police Pension Fund narrowed its search for an active international equity manager, said Warren Schott, investment officer for the $1.4 billion fund.
The search is for a manager to replace Brinson Partners, which manages $80 million in an EAFE-benchmarked portfolio. Trustees were concerned with the firms performance and turnover at the company, Mr. Schott said. A number of managers, none of which Mr. Schott would name, have been put on a shortlist. Interviews of finalists and a decision are expected at the end of June.
Brinson Partners did not return phone calls seeking comment by press time.