Kansas Public Employees Retirement System, Topeka, hired Alliance Capital Management and Acadian Asset Management to manage $500 million and $300 million, respectively, in active international equities, said Rob Woodard, CIO. The $11.5 billion pension fund recently changed its international mandates from EAFE to ACWI ex-US and issued the RFP in April "to learn more about the competitive landscape within this space," Mr. Woodard said.
Money for the Alliance portfolio had been in run in an Alliance regional European equity portfolio. Mr. Woodard said plan officials wanted to expand the system's "international universe." Funding for the Acadian portfolio came from rebalancing; no managers were terminated.
Pension Consulting Alliance, the plan's general consultant, assisted.