Tampa (Fla.) General Employees Pension Fund hired Marathon Asset Management to run $58 million in active international value equities, said recently released board meeting minutes.
The $698 million pension fund conducted an invitation-only search in March for a manager to replace Mercator Asset Management, which had been on watch for underperformance. Mercator spokeswoman Bianca Pileggi declined to comment at the time.
Investment consultant Asset Consulting Group assisted.
Mark Boghich, pension supervisor, did not return a phone call by press time.