Florida State Board of Administration, Tallahassee, placed on watch HSBC Global Asset Management’s $112 million active global frontier market equity portfolio for organizational changes, while it removed from watch Jackson Square Partners’ $1.45 billion active large-cap growth equities portfolio.
Mercer, investment consultant to the FSBA, which oversees $175.6 billion in assets, made the watch recommendations.
Jackson Square was removed “due to a successful transition of back-office operations” to Jackson Square from Delaware Investments. Jackson Square, placed on watch last year, was formed in 2014 as a joint venture between Delaware Investments and its focus growth investment team.
