St. Louis Employees' Retirement System named four finalists in its search for an emerging manager to run about $5 million in active domestic large-cap core equities, said Richard Olliges, accounting officer.
Mr. Olliges said interviews will take place at a Feb. 6 special board meeting, with a decision expected shortly thereafter.
The pension fund hopes eventually to have about 5% allocated to emerging managers, or about $39 million. Its first emerging manager hire in July was active domestic small-cap core equity manager Granite Investment Partners, which runs a $5 million portfolio.
The timeline for completing the full allocation has yet to be determined. Funding will come from rebalancing, and no managers will be terminated.
Investment consultant Summit Strategies Group is assisting.