Orange County Employees Retirement System, Santa Ana, Calif., placed J.P. Morgan Asset Management on watch for performance reasons, said Robert Kinsler, spokesman for the $11.9 billion pension fund in an e-mail.
JPMAM manages a $193 million global equity portfolio for the pension fund. Gregory Roth, spokesman for J.P. Morgan, declined to comment.
The pension fund also removed Hancock Agriculture Investment Group from its watchlist. Hancock Agricultural manages a $46.7 million portfolio. The firm was placed on watch in October 2011 because of personnel changes.