US - The board of the Fresno County Employees Retirement Association (FCERA) approved a search for a US large-cap growth manager after it terminated INTECH and a search for a US small-cap active equity manager to replace Brandywine.
At a board meeting last week, the board said it would terminate INTECH from its US$144m portfolio after it underperformed its benchmark by an annualised six basis points in the five years ended Dec...
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