YMCA Retirement Fund will begin an invitation-only search by early...

YMCA Retirement Fund will begin an invitation-only search by early next year for one or two active core international equity managers to handle a total of about $216 million. The $3.6 billion sponsor-directed 403(b) plan is making the move for diversification, said John Preis, president and CEO. Funding comes from an EAFE index fund being managed in the interim by State Street Global Advisors; the money had been managed in-house.