PERAC Memo #5 - 2009: Investment Manager List
Investment Manager List
View original on MA State Library →Summary
This memo provides the quarterly-updated (as of 12/31/08) PERAC list of pre-approved investment managers/funds in international equity, international fixed income, real estate, and alternative investments that have already been granted an 840 CMR 19.01 exemption and remain open to new investors. Boards do not need to apply for a new exemption when hiring a manager from this list, but must still submit the Competitive Process Notification Form, Vendor Certification Form, and Disclosure Form and receive PERAC acknowledgement before transferring funds; boards may also still pursue exemptions for managers not on the list, and no exemption is needed at all for domestic equity/fixed income hires (only the three forms).
Full Text
MEMORANDUM #5, 2009 M E M O R A N D U M TO: All Retirement Boards FROM: Robert A. Dennis, Investment Director RE: Investment Manager List DATE: January 15, 2009 In accordance with 840 CMR 19.01, the following is the updated list of investment managers who have been the subject of an exemption in the asset classes of international equity, international fixed income, real estate, and alternative investments. The list consists of investment managers who have been the subject of applications for exemption on or before the effective date of the new investment regulations (7/10/98) and managers who have been approved after that date. The list includes only managers or funds that remain open to new investors; managers/funds that are closed will either not appear on this list or will be deleted upon closure.
The significance of this list is that, for retirement boards that have been previously granted an exemption for the particular asset class, they need not apply for an exemption in order to retain managers on this list. In hiring managers on this list, boards are still required to submit to PERAC 1) a Competitive Process Notification Form, 2) a Vendor Certification Form, and 3) a Disclosure Form in accordance with 840 CMR 17.04 8(a) and (b) and to receive acknowledgement from PERAC prior to transfer of funds. Retirement boards are also free to consider managers not on this list and to request exemptions for such managers. Please note that, in accordance with 840 CMR 19.02 (5), exemptions are not required for the hiring of managers in the asset classes of domestic equity and fixed income. Only the submission of the three documents noted above is required. Accordingly, this list does not include managers in these asset classes. Please note that the list of managers who have been subject to an exemption (waiver) is a separate and distinct list from the listing of Investment Managers, Consultants, and Custodians. PERAC will update this list on a quarterly basis and will make this list available on the PERAC Home Page. If you have any questions, please call Rose Cipriani at 617-666-4446 ext. 931. Enclosure
PERAC LIST OF INVESTMENT MANAGERS AS OF 12/31/08 INTERNATIONAL EQUITY MANAGERS Aberdeen DBT Emerging Markets Equity Fund Acadian International All Cap Fund Acadian International Equity Fund Acadian International Small Cap Fund Alliance Bernstein Emerging Markets Value Account AQR International Equity Fund, L.P. Arrowstreet Capital, L.P. Artio International Equity Fund II Artio International Equity Trust Fund Barclays EAFE Equity Index Fund Baring Active Passive Alpha Tilt ACWI ex US Equity Fund Boston Company EAFE Value Equity Fund Boston Company Emerging Markets Pooled Fund Boston Company Non-US Value Equity Fund Brandes International Equity Trust Brandywine International Equity Value Fund Denver International Small Cap Equity Fund Dimensional Emerging Markets Value Portfolio Driehaus International Small Cap Growth Fund Earnest International Pooled Group Trust EuroPacific Growth Fund Evergreen International Small Cap Equity Strategy Fisher Investments, Inc. Fisher Investments Foreign Equity Fund Foreign & Colonial Emerging Markets Limited Frank Russell International Fund GlobeFlex International Small Cap Equity Fund GMO Foreign Fund II GMO Global Balanced Asset Allocation Fund Hotchkis and Wiley International Equity Group Trust IRT International Equity Fund Jarislowsky Fraser International Equity Fund KBC Investment Trust Lazard Emerging Markets Equity Portfolio Lazard Freres International Equity Fund Legg Mason Emerging Markets Trust CI Mellon Global Alpha I Fund MFS Institutional Advisors, Inc. MFS Institutional International Equity Fund Morgan Stanley Investment Management Munder International Small Cap Collective Equity Fund Neuberger Berman International Large Cap Fund – Institutional Class OFITC Emerging Markets Equity Fund PanAgora Asset Management PIMCO All Asset Fund Pyramis Select International Equity Commingled Pool Rexiter Active Emerging Markets Fund SSGA Active International Small Cap SL Common Trust Fund SSGA All International Allocation Common Trust Fund SSGA Daily Active Emerging Markets Fund SSGA Daily International Alpha Securities Lending Fund SSGA International Growth Opportunities Fund SSGA MSCI-EAFE Index Securities Lending Fund Templeton Foreign Equity Series Fund Templeton Institutional Funds, Foreign Equity Series Primary Shares Thornburg International Equity Fund (Q.P.), LLC Victory Capital Series, LLC Series C Vontobel Asset Management Vontobel International Fund Voyageur International Fund Wentworth, Hauser, and Violich WTC-CIF Asia Pacific ex-Japan Portfolio WTC-CIF International Growth Portfolio WTC-CIF Opportunistic Investment Portfolio INTERNATIONAL FIXED INCOME MANAGERS Aberdeen International Bond Portfolio Artio Global High Income Fund Baring International Group Trust Fund F Brandywine Global Fixed Income Fund Colchester Global Bond Fund Delaware Pooled Trust Global Fixed Income Portfolio Delaware Pooled Trust International Fixed Income Portfolio Evergreen International Bond Fund Franklin Templeton Emerging Markets Debt Opportunities Fund GMO Global Balanced Asset Allocation Fund Lazard Emerging Income Fund Loomis, Sayles & Company, L.P. McDonnell Investment Management, LLC Mellon Global Alpha I Fund PIMCO All Asset Fund RiverSource Investments, LLC WTC-CIF Opportunistic Investment Portfolio REAL ESTATE INVESTMENT MANAGERS AmSouth Timber Fund Hancock Timberland IX Fund HRJ Opportunistic Real Estate IV Intercontinental U.S. Real Estate Investment Fund, LLC INVESCO Core Real Estate Fund Mesirow Financial Institutional Real Estate International Fund Multi-Employer Property Trust Principal Green Property Fund I, L.P. RREEF America REIT II RREEF Global Real Estate Securities Fund Sustainable Woodlands Fund II, L.P. TA Realty Associates Fund IX Transwestern Mezzanine Realty Partners III ALTERNATIVE INVESTMENT MANAGERS Ascent Venture Partners V, L.P. Dover Street VII, L.P. GrandBanks Capital Venture Fund II LP INVESCO Venture Partnership Fund V, L.P. Lexington Middle Market Investors II, L.P. LLM Structured Equity Fund L.P. Riverside Capital Appreciation Fund V SEI Global Private Equity Fund II (2007), L.P. SEI Structured Credit Fund, L.P. Siguler Guff Distressed Opportunities Fund III