St. Louis Employees’ Retirement System named American Century Investments, Copper Rock Capital Partners and Kabouter Management as finalists in its search for at least one active international small-cap equity manager to run a total of $25 million, said Richard Olliges, accounting officer.
The $750 million pension fund issued an RFP in October because the board “wants to see what's out there,” Mr. Olliges said at the time. Current manager Mondrian Investment Partners was invited to rebid. He did not say whether they did rebid for the services.
Mr. Olliges said the pension fund could simply stay with Mondrian or hire one or two managers. A timeline has not been determined yet for the finalist interviews.
Investment consultant Summit Strategies is assisting.