Chicago Metropolitan Water Reclamation District Retirement Fund named four finalists in its search for an emerging markets equity manager to run $75 million, said Susan Boutin, executive director.
The firms that are being invited to make finalist presentations on Nov. 9 are Wellington Management, Lazard Asset Management, Driehaus Capital Management and Dimensional Fund Advisors. A hiring decision could be made at the Nov. 18 board meeting.
While active international equity manager Vontobel Asset Management has some emerging markets exposure in its roughly $60 million portfolio, this would be the pension fund’s first dedicated emerging markets equity manager, Ms. Boutin previously said.
An RFP was issued in July. Funding sources have not been determined.
Marquette Associates, the $1.3 billion pension fund’s investment consultant, is assisting.
