Vermont Pension Investment Committee, Montpelier, is searching for an active international all-cap quantitative equity manager to run about $117 million for the $4.5 billion Vermont State Retirement Systems.
The committee at its Jan. 28 meeting approved the shortlist search due to the upcoming expiration of current manager Acadian Asset Management's contract on Sept. 30, said Tom Golonka, chairman of the committee, in an email.
Mr. Golonka said Acadian is expected to be included, and interested managers are invited to contact investment consultant NEPC, which is conducting the search. A timeline for a decision has not been determined.
As of June 30, the retirement system's actual allocation to international developed equities was 5%; the target is also 5%.
