Boston Retirement System selected Walter Scott & Partners to manage active international growth equities for the $5.3 billion pension plan.
Although a specific amount was not disclosed, a Jan. 31 performance report from NEPC, the plan’s investment consultant assisting in the search, valued the mandate at $262 million.
The RFP was issued in February to seek a replacement for Fisher Investments, which was terminated in October for sexist comments made by founder Kenneth L. Fisher at a conference in San Francisco that month.
The assets have since been parked in an index fund managed by State Street Global Advisors.
The fund’s other international equity managers as of Jan. 31 were PanAgora Asset Management (which ran $247 million as of that date), Todd Asset Management ($248 million) and Segall Bryant & Hamill ($123 million), according to the fund’s most recent available performance report.
