Memphis (Tenn.) Retirement System placed $30 million in a closed-end...

Memphis (Tenn.) Retirement System placed $30 million in a closed-end international equity mutual fund run by Tattersall Advisory Group. The $2 billion system pulled the money from two unidentified active international equity managers, which continue to manage $130 million and $120 million. The move was made for diversification, said Roland McElrath, director of finance.