El Paso (Texas) City Employees' Pension Fund put all-cap equity manager Lazard Asset Management on watch for performance, said recently released board meeting minutes.
A Lazard Asset Management spokeswoman could not immediately be reached for comment.
Separately, the $700 million pension fund removed global fixed-income manager Franklin Templeton Investments from the watchlist, according to the minutes. Franklin Templeton was put on watch by the pension fund in the first quarter of 2016 for performance.
The sizes of the two portfolios could not immediately be learned.
Robert Ash, executive director, could not immediately be reached for additional information.