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October 13, 2003 01:00 AM

Virginia Retirement System, Richmond, is conducting a shortlist search...

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    Virginia Retirement System, Richmond, is conducting a shortlist search for an unspecified number of global equity managers, said Nancy Everett, CIO. Staff at the $35.3 billion fund will run the search. The system currently has 45% of total assets in domestic stocks and 17% in international equities. Funding for the global portfolios will come from existing equity managers; no one will be terminated, Ms. Everett said. "We did a study and found an opportunity to add value if you look globally," she said.

    The system has not finalized other details of the search.

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