Searches and Hires

San Bernardino County Employees’ investment committee backs hiring TOBAM for equities

San Bernardino County (Calif.) Employees' Retirement Association's investment committee recommended hiring TOBAM to manage a total of $350 million in two equity strategies, said Adam Sands, spokesman for the $9.7 billion pension fund, in an email.

At its meeting Tuesday, the investment committee accepted a staff recommendation to allocate $300 million to the TOBAM's anti-benchmark U.S. equity strategy and $50 million to the TOBAM's anti-benchmark world ex-U.S. equity strategy.

The recommendation is scheduled to go before the full board for a vote at its March 1 meeting, Mr. Sands said.