LACERS Terminates Boston Company Asset Mandate

The Los Angeles City Employees’ Retirement System (LACERS) has terminated Boston Company Asset Management, LLC for an active equities mandate. According to LACERS July board minutes, the asset manager was dropped for lackluster performance reasons. Boston Company Asset Management, a subsidiary of BNY Mellon, had a US$ 190 million global emerging markets equities mandate. They were initially hired in January 2003.

Annualized Performance as of March 31, 2014 (Net-of-Fees)

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