Norfolk County Contributory Retirement System, Canton, Mass., is searching for a manager to run between $14 million and $15 million in active emerging markets equities, according to an official at plan consultant Wainwright Investment Counsel, who asked to remain anonymous. He said there have been performance issues with the current manager, which he would not identify. The search is exploratory, and officials of the $440 million plan may rehire the existing manager, the consultant said. Money Market Directory does not specifically list an emerging markets equity manager but listed Fisher Investments and MFS Institutional Advisors as the system's international equity managers.
Separately, the pension fund issued an RFI for private equity firms and an RFP for real estate managers to build a universe of potential managers, the consultant said. The searches are open-ended, and fund officials have no specific plans for potential investments.
Retirement system officials did not return calls seeking comment by press time.