St. Louis Employees’ Retirement System hired Kabouter Management to run $25 million in active international small-cap equities, said Richard Olliges, accounting officer.
The $750 million pension fund issued an RFP in October because the board wanted 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. Other finalists were American Century Investments and Copper Rock Capital Partners.
Investment consultant Summit Strategies assisted.