AC Transit Retirement hires two EM managers

18 Jul 2011
AC Transit Retirement Board, Allocations, City of London, Eaton Vance, News, Parametric, Searches

AC Transit Retirement Board has hired Eaton Vance/Parametric and City of London to manage its emerging markets allocation, Mena FM can reveal. This follows a decision-making process of two months after the appointment of investment consulting firm NEPC earlier this year.

A total of 5% of the board’s portfolio (of around $40m) will go towards the new emerging markets allocations, which will be split in two across each of the new managers. According to Hugo Wildman, chairman of the AC Transit Retirement Board, the decision-making process was relatively easy.

“We liked them better than the others,” he told Mena FM. “This is our first investment dedicated to emerging markets.”

 

New frontier
3 Dec 2010
The Middle East is often overlooked by international investors but increased levels of transparency could help to raise interest in the region and consequently increase assets under management
Read Full Article »
Profit in peace
3 Dec 2010
Asset management has become a more cautious business in recent years, but the Babylon Fund, which aims to capitalise on an increasingly attractive macro story in Iraq, has proved that faced with an original and compelling strategy, investors will return to risk
Read Full Article »
Capitalising on recovery
3 Dec 2010
Hedi Ben Mlouka, CIO of Duet Mena, talks to Mena FM about lagging behind and bouncing back
Read Full Article »