Iowa Public Employees’ Retirement System, Des Moines, removed from watch Wilshire Associates and a $43 million emerging equities portfolio managed by Wellington Management, said Karl Koch, chief investment officer, in an e-mail.
Wilshire, IPERS investment consultant, was placed on watch in February 2015 for key staff departures. In taking Wilshire off watch, an IPERS report said, “no additional turnover of key personnel since December 2015. (IPERS) staff is satisfied with (the) quality of the new team members assigned to IPERS.”
Wellington was placed on watch last April for underperformance. “Portfolio performance markedly improved in 2015,” the report said.
IPERS oversees $27.7 billion in assets.