New Jersey Division of Investment plans to hire nine emerging markets equity and three international small-cap equity managers, said a notice of intent to award.
The division in the state Treasury Department that manages investments for the $76.8 billion New Jersey Pension Fund, Trenton, had issued an RFP in September 2013 for up to 16 non-discretionary managers to run more than $8 billion total in international equity.
The emerging markets equity managers are BlackRock, J.P. Morgan Asset Management, Lazard Asset Management, Morgan Stanley Investment Management, Parametric Portfolio Associates, Pzena Investment Management, Quantitative Management Associates, Schroder Investment Management North America and Wellington Management.
The international small-cap equity managers are Acadian Asset Management, American Century Investments and Wasatch Advisors.
The amount each manager is overseeing could not be learned by press time.
At the time of the September 2013 RFP, funding was said to be largely coming from the pension fund's $6 billion emerging markets equity portfolio, which was being renamed the “developing markets” portfolio. The existing managers were Lazard Asset Management, Morgan Stanley Investment Management and Wellington Management. All were invited to rebid.
Spokesman Christopher Santarelli did not reply to requests for further information by press time.