INPRS Dumps 4 Equity Managers

The US$ 29.9 billion Indiana Public Retirement System (INPRS) has terminated four equity managers. INPRS terminated active, U.S. large-cap growth equity mandates from JP Morgan Asset Management (US$ 123 million) and Dallas-based Barrow, Hanley, Mewhinney & Strauss (US$ 136 million). The fund also terminated London-based Mondrian Investment Partners (US$ 168 million) and Gryphon Investment Management (US$ 249 million) who managed active EAFE mandates. The U.S. equity terminated mandate amounts were transferred to a passive U.S. large-cap equity portfolio managed by Boston-based Rhumbline Advisors. The active EAFE mandate capital were moved to a passive, international developed markets mandate run by BlackRock.

View the Institutional Investor Profile of Indiana Public Employees Retirement System

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