Fairfax County Educational Fund, Springfield, Va., hired William Blair to manage $91.3 million in active international equities with a growth tilt, said Robert Lausier, finance coordinator. Funding will come from terminating T. Rowe Price and cutting back exposure to other equity managers, Mr. Lausier said. Franklin Templeton, the $1.5 billion fund's other international equity manager, was not affected. T. Rowe Price and Franklin Templeton had managed a total of $158 million. "The growth manager is a better fit for the board. Performance is also an element" of the decision, Mr. Lausier said. Brian J. Lewbart, spokesman for T. Rowe Price, said the firm doesn't comment on client matters.
Mercer Investment Consulting assisted.