San Mateo County Employees' Retirement Association, Redwood City, Calif., hired Acadian Asset Management and PanAgora Asset Management to each run about 3% of plan assets (about $125 million to $135 million each) in a low-volatility equity strategy, said an announcement on the $4.3 billion pension fund's website.
The managers were hired at the plan's Oct. 30 board meeting.
Michael Coultrip, chief investment officer, did not immediately return a phone call requesting additional information.
