PERAC Memo #5 - 2010: Investment Manager List

MEMORANDUM #5, 2010 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 13, 2010 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 12/31/09 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 Arrowstreet Capital, L.P. Artio International Equity Fund II Artio International Equity Trust Fund Boston Company EAFE Value Equity Fund Boston Company Emerging Markets Pooled Fund Boston Company Non-US Value Equity 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 Frank Russell International Fund GE International Equity (EAFE) Fund Global Currents International Equity Value Fund GlobeFlex International Small Cap Equity Fund GMO Global Balanced Asset Allocation Fund IRT International Equity Fund KBC Investment Trust Lazard Emerging Markets Equity Portfolio Lazard Freres International Equity Fund Legg Mason Emerging Markets Trust CI Matthews Pacific Tiger Fund 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 Nicholas-Applegate International Growth Opportunities Fund OFITC Emerging Markets Equity Fund PanAgora Asset Management PIMCO All Asset Fund PIMCO Global Multi-Asset Fund Pyramis Select International Equity Commingled Pool RBC GAM International Fund Rexiter Active Emerging Markets Fund SEI Institutional Investments Trust World Equity Ex-US 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 EAFE Non-Lending Fund SSGA Daily Emerging Markets Index NL Fund SSGA Daily International Alpha Securities Lending Fund SSGA International Alpha Select NL Fund SSGA International Alpha Select SL Fund SSGA MSCI ACWI ex-US Index NL Fund SSGA MSCI-EAFE Index Fund SSGA MSCI-EAFE Index NL 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, Inc. Vontobel 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 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 Mondrian Global Fixed Income Fund PIMCO All Asset Fund PIMCO Global Multi-Asset Fund RiverSource Investments, LLC SEI Institutional Investments Trust Emerging Market Bond Fund WTC-CIF Opportunistic Investment Portfolio REAL ESTATE INVESTMENT MANAGERS 1921 Realty Inc. AEW Partners VI, L.P. AmSouth Timber Fund Aslan Realty Partners IV, LLC Dune Real Estate Fund II LP Hancock Timberland X Fund Intercontinental U.S. Real Estate Investment Fund, LLC INVESCO Core Real Estate Fund Landmark Real Estate Partners VI, L.P. Mesirow Financial Institutional Real Estate International Fund Multi-Employer Property Trust New Boston Institutional Fund, L.P. VII Penn Square Global Real Estate Fund II Principal Green Property Fund I, L.P. Prudential Real Estate Investors (PRISA) Fund RREEF America REIT II RREEF Global Real Estate Securities Fund TA Realty Associates Fund IX ALTERNATIVE INVESTMENT MANAGERS Aladdin Credit Offshore Fund I, L.P. Ascent Venture Partners V, L.P. Constitution Capital Partners Ironsides II Landmark Equity Partners XIV Mesirow Financial Private Equity Partnership Fund V Seguin Partners Fund, L.P. SEI Structured Credit Fund, L.P.