New Hampshire Retirement System, Concord, hired Neuberger Berman to run $115 million in active emerging markets equities, confirmed spokesman Marty Karlon.
Funding comes from the $6.9 billion pension fund's termination for performance of Batterymarch Financial Management, which ran a similar portfolio.
Gina Solomon, Batterymarch spokeswoman, was not available to comment by press time.
Investment consultant NEPC assisted.
