US - The Indiana Public Employees' Retirement Fund (PERF) has hired Martin Currie to run a US$210m international equity mandate.
Martin Currie senior vice president and head of the North America office Jamie Sandison said: "We are seeing a renewed confidence in global equities from clients, and we believe our distinctive approach is attractive for pension funds seeking active exposure to the best international stocks."
Since the start of 2009, the firm has landed $900m in global and global ex-US mandates.
Indiana PERF has $16bn in assets under management. The scheme allocates 15% each to international and domestic equities and 10% each to global equities, Treasury Inflation-Protected Securities, private equity, real assets and total return strategies. The pension fund also invests 20% in core fixed income, according to the investment guidelines posted on its website.
Spokesman at Indiana PERF Jeff Hutson was not immediately available for comment, nor was Sandison.
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