New Hampshire Retirement System, Concord, hired Aristotle Capital Management and Lazard Asset Management to run about $119 million each in active international equities.
The $9.3 billion pension fund's independent investment committee voted at its Oct. 23 meeting to hire the managers to replace LSV Asset Management, said Marty Karlon, pension fund spokesman.
The committee also voted to terminate LSV at that meeting. Mr. Karlon could not be immediately reached for the reason for termination.
As of June 30, the actual allocation to international equities was 18.4%.
Separately, the committee at the Oct. 23 meeting also approved commitments of $50 million each to CVI Credit Value Fund V, a distressed/opportunistic debt fund managed by CarVal Investors, and Industry Ventures Secondary IX, a venture capital fund that invests on the secondary markets.
As of June 30, the actual allocation to alternative assets was 18.3%.
