Brookline (Mass.) Retirement Board hired Fidelity Management Trust and Putnam Investments to manage a total of $15 million in active international equities, pending contract negotiations, said Margaret Cossette, deputy director of finance for the $160 million plan. Funding will come from a State Street Global Advisors EAFE index fund, in which money was placed temporarily. Previous manager Irish Life resigned because it is scaling back service to U.S. clients.
Wilshire Associates assisted.
