Boca Raton (Fla.) General Employees' Pension Plan hired Thornburg Investment Management to run $8 million in active international equities, confirmed Debra Sears, CEO of the pension fund.
The $170 million pension fund terminated Mercator Asset Management from a similar portfolio for performance. Alwyn Taylor, Mercator director, did not return a phone call seeking comment by press time.
Burgess Chambers & Associates assisted.
