Los Angeles City Employees’ Retirement System is keeping Schroder Investment Management on watch until June 30, said Dan Gallagher, chief investment officer. Schroder, which manages a $132 million emerging markets portfolio for the $6.6 billion fund, was placed on watch last summer because of personnel changes at the firm.
Separately, the system extended Capital Guardian’s contract for another three years. Capital Guardian runs a $240 million active European core equity portfolio benchmarked to the MSCI Europe index.
