Alabama SWF Seeks International Equity Manager

Posted on 03/13/2014

The Alabama Trust Fund doled out an RFP looking to hire an active international equity manager to manage US$ 100 million. The allocation could be either a separate account or with commingled managers. According to the RFP, the manager must have experience managing international equity portfolios for at least three years and have a minimum of US$ 1 billion in assets toward international equity portfolios.

With a 24% allocation to international equity, the fund currently has these external managers running that portion – according to its investment consultant, Callan Associates:

  • Batterymarch Financial Management
  • GMO
  • Thornburg Investment Management
  • Wells Fargo

The trust fund is funded by Alabama’s oil and gas royalties. Alabama’s State Oil and Gas Board provided information to the Treasurer mentioning that production is expected to continue to decline.

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