San Jose Plan Watches Brandywine, Plots New Search
By Marc Sorondo | June 26, 2009 | Leads Database
The investment committee for the San Jose Federated City Employees' Retirement System reviewed the poor performance of Brandywine Global Investment Management at a meeting this week, confirmed Ron Kumar, financial analyst at the $1.4 billion plan. The firm oversees a $25 million diversified small-cap value mandate. Kumar said that the firm has been placed on probation. A shortlist search to potentially replace Brandywine will be conducted in the third quarter. Brandywine would be included in…
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