Brandes Investment Partners and Glovista Investments have been awarded emergingmarket mandates by the Alexandria Firefighters and Police Officers Pension Plan, Mena FM has learned.
The Virginia-based Pension Plan has an AUM of around $110m and currently has a 10% weighting towards emerging markets. According to recently released minutes from a 9 June meeting, the board unanimously decided to award the “contract with Brandes Investment Partners and Glovista Investments LLC for the emerging market equity mandate with 75% and 25% respectively”.
During the meeting, the Pension Plan also viewed presentations from Aberdeen, Johnston Asset Management, DRZ and Research Affiliates for both the emerging markets mandate and an international investment mandate.
