Kansas Public Employees Retirement System, Topeka, hired MFS Investment Management to run about $1.1 billion in active international equities.
The $27.3 billion pension fund’s board approved the hiring at its Jan. 17 meeting, spokeswoman Emily Wilson said.
Funding comes from the termination — also approved at the meeting — of J.P. Morgan Asset Management from a similar portfolio. Wilson would not provide further information on the reason for the termination.
As of June 30, the pension fund’s actual allocation to international equities was 23.4%; the target is 22%.
