El Paso (Texas) City Employees’ Pension Fund put equity and fixed-income manager Franklin Templeton Investments and equity manager Vulcan Value Partners on watch for performance, said Robert Ash, pension administrator and legal adviser of the $700 million pension fund, in an e-mail.
Franklin Templeton is on watch for an international equity strategy and a global-plus fixed income strategy. Vulcan Value Partners is on watch for an all-cap equity strategy.
The pension fund has $57 million total invested across the two Franklin Templeton strategies and $24 million in the Vulcan strategy.
A Franklin Templeton spokeswoman and Vulcan officials could not immediately be reached for comment.