Key Takeaways
- • The Public Employees' Retirement System (PERS) of Mississippi is seeking a global growth equity manager for a mandate of $1B to $1.4B, according to materials from its December 17, 2024 investment committee meeting.
- • The search aims to replace incumbent manager Epoch Global Choice, which the pension cited as being removed "due to performance and personnel reasons" as well as cost considerations.
- • Candidates should align with the MSCI ACWI IMI and Callan Global Equity Peer Group benchmarks, with the pension aiming to review eight to 12 semi-finalists.
- • The new manager would complement an existing global growth equity roster of Acadian, Harding-Loevner, and LSV Global Value.
- • General consultant Callan is assisting Mississippi PERS with the manager search and selection process.
Summary
The Public Employees' Retirement System (PERS) of Mississippi will seek a global growth equity manager for a mandate of $1 billion to $1.4 billion, according to materials from its investment committee meeting held on December 17, 2024, as reported by Dakota. The size of the mandate is presented as a range, so the final allocation will depend on the outcome of the search.
The pension is screening for candidates that align with the MSCI ACWI IMI and the Callan Global Equity Peer Group as benchmarks. It aims to narrow the field to eight to 12 semi-finalists.
The search was initiated to replace the existing manager, Epoch Global Choice. Mississippi PERS cited "performance and personnel reasons" as well as cost considerations for the change. The new manager is intended to complement the pension's current global growth equity roster, which consists of Acadian, Harding-Loevner, and LSV Global Value.
General consultant Callan is assisting the pension with the manager search and selection process.
The pension is screening for candidates that align with the MSCI ACWI IMI and the Callan Global Equity Peer Group as benchmarks. It aims to narrow the field to eight to 12 semi-finalists.
The search was initiated to replace the existing manager, Epoch Global Choice. Mississippi PERS cited "performance and personnel reasons" as well as cost considerations for the change. The new manager is intended to complement the pension's current global growth equity roster, which consists of Acadian, Harding-Loevner, and LSV Global Value.
General consultant Callan is assisting the pension with the manager search and selection process.
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