Florida State Board of Administration, Tallahassee, removed from watch Franklin Templeton, which manages $310 million in active international developed markets small-cap equities, according to an FSBA report.
Franklin Templeton was placed on watch in March for organizational changes.
The portfolio management team “has shown resiliency despite the changes, and discussions and time have renewed confidence in the team,” the report said.
Mercer assisted in developing the watchlist.
FSBA oversees a total $170.8 billion in assets, including the $141.8 billion Florida Retirement System defined benefit plan.