Tampa (Fla.) General Employees Pension Fund will interview Lazard Asset Management, Marathon Asset Management and Mondrian Investment Partners for a $58 million active international value equity portfolio, recently released board meeting minutes said.
The $707 million pension fund will conduct interviews with the three firms at an as-yet-undetermined board meeting as potential replacements for Mercator Asset Management, the March 17 board meeting minutes said.
Mercator has been on watch for underperformance. The pension fund first mentioned the possibility of replacing the manager at its May 21, 2013, board meeting, when the board requested investment consultant Asset Consulting Group bring in a shortlist of replacement candidates.
Mercator spokeswoman Bianca Pileggi declined to comment.
Mark Boghich, pension supervisor, did not return a phone call by press time.