The Los Angeles City Employees’ Retirement System has reappointed its active international core equity manager Marvin & Palmer and two emerging equity fund-of-funds managers Attucks Asset Management and Capital Prospects, Pensions & Investments reports. The $9.9 billion system has renewed the contract of each manager for one year. Marvin & Palmer runs $134 million, Attucks $33 million and Capital Prospects manages $31 million. Attucks’ contract was set to end November 30, while Marvin & Palmer’s contracts were set to expire December 31.
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