San Bernardino (Calif.) County Employees' Retirement Association's investment committee is recommending that the board select Finisterre Capital to manage $100 million in emerging markets debt.
The investment committee approved the staff's recommendation at its Tuesday meeting.
The RFP was issued in March. NEPC assisted in the search.
The association board is scheduled to make a final decision on the matter at its Nov. 4 meeting, confirmed Michael Tamony, spokesman for the $14 billion pension plan, in an email. Funding came from cash.
