City of Knoxville Picks Emerging Markets Manager

June 18, 2009

The $380 million City of Knoxville Pension Board has retained the services of Acadian Asset Management. The firm will oversee an emerging markets equity mandate for the plan. According to the minutes of a May 14 meeting, the hire is still 'subject to the review and recommendation of an investment management contract.' Last June, the boardapproved a 5.5% allocation to emerging markets equity. Mike Cherry, executive director at the Tennessee system, could not be reached by press…

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