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San Jose Plan Watches Brandywine, Plots New Search


By Marc Sorondo

June 26, 2009

The investment committee for the San Jose Federated City Employees' Retirement System reviewed the poor performance of Brandywine Global Investment Management at a meeting this week, confirmed Ron Kumar, financial analyst at the $1.4 billion plan. The firm oversees a $25 million diversified small-cap value mandate. Kumar said that the firm has been placed on probation. A shortlist search to potentially replace Brandywine will be conducted in the third quarter. Brandywine would be included in…

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