Stamford (Conn.) Firefighters’ Pension Fund hired Glovista Investments to manage $7 million in active emerging markets equities, said John Beirne Jr., founder and chief investment officer of Beirne Wealth Consulting, the pension fund's investment consultant.
Partial funding comes from the $125 million pension fund’s termination of the $4.1 million emerging markets equity portfolio managed by Zesiger Capital Group for underperformance, with the rest coming from cash.
Donald L. DeVivo, managing director at Zesiger Capital Group, was not available by press time to provide comment.
Robert Berlingo, the pension fund’s chairman of the board, was not available by press time.
