Orange County Employees Retirement System, Santa Ana, Calif., will conduct an invitation-only search for an active emerging markets equity manager to run $100 million to $120 million, according to Keith Bozarth, CEO of the $5 billion system. Funding will come from cash. AllianceBernstein manages a $185 million indexed emerging markets equity portfolio for the fund, and "we hope to complement their style" with an actively managed account, he said.
Callan Associates will assist.
