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August 31, 2012 01:00 AM

Idaho Endowment Fund chooses manager for international equities

Rob Kozlowski
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    Updated with correction.

    Idaho Endowment Fund Investment Board, Boise, hired NFJ Investment Group to manage $70 million in active international value equities, confirmed Larry Johnson, manager of investments.

    The board, which oversees $1.3 billion, terminated Tradewinds Global Investors from a similar-style portfolio in May because of personnel changes at the firm.

    The board's investment consultant, Callan Associates, conducted the invitation-only search. The other finalists were First Eagle Investment Management and MFS Investment Management.

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