CHARLESTON, W.Va. — West Virginia Investment Management Board hired Brandes Investment Partners to run $230 million in emerging markets equities and AXA Rosenberg Investment Management to handle $180 million in active international small-cap equities said H. Craig Slaughter, executive director. The board, which manages $7.6 billion in pension and workers' compensation assets, is focusing on small caps and emerging markets as part of its new investment strategy, he said.
Funding came from terminating TT International, which managed $335 million in active international large-cap equities, and Capital Guardian, which managed $200 million in emerging markets equities. The remaining $125 million was split between Wasatch Advisors, which runs international small-cap growth equities, and LSV Asset Management, which runs international midcap to large-cap value equities, he said. New totals for Wasatch and LSV could not be learned by press time.
Summit Advisors assisted.