The $330 million East Bay Municipal Utility District Employees' Retirement System, Oakland, Calif., raised its international equity allocation by nearly 30%, said Lloyd J. Sawchuk, treasury manager.
The system gave $5 million each to Templeton and Wellington for their existing active EAFE mandates after considering a search for a new manager. The increase raised their assignments to $23 million each. Funding came from cash flow and reallocations among other managers; none was terminated. Mercer assisted in the changes.