The DeKalb Employee Retirement System, Decatur, Ga., is conducting a shortlist search for an active international equity manager to run between $50 million and $60 million, confirmed Paul Wright, pension administrator. Funding will likely come from a general rebalancing, Mr. Wright said. Officials of the $1.1 billion pension fund could make a selection at the system's Nov. 2 board meeting. Callan Associates is assisting.
Separately, the plan terminated Holland Capital, which managed $55 million in active domestic large-cap growth equities, for performance, Mr. Wright said. The money will be distributed among existing managers. Jacqueline O'Brien, Holland spokeswoman, could not be reached by press time for comment.
