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.
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute