Commonwealth of Massachusetts | Public Employee Retirement Administration Commission
Five Middlesex Avenue, Suite 304, Somerville, MA 02145
Ph 617 666 4446 | Fax 617 628 4002 | TTY 617 591 8917 | www.mass.gov/perac
Domenic J. F. Russo, Chairman | A. Joseph DeNucci, Vice Chairman
Mary Ann Bradley | Paul V. Doane | James M. Machado | Donald R. Marquis | Robert B. McCarthy
Joseph E. Connarton, Executive Director
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: October 13, 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
/rc
PERAC LIST OF INVESTMENT MANAGERS
AS OF 9/30/09
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
Pyramis Select International Equity Commingled Pool
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 International Alpha Securities Lending Fund
SSGA International Alpha Select SL Fund
SSGA MSCI ACWI ex-US Index NL Fund
SSGA MSCI-EAFE Index 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
Voyageur International Fund
Wentworth, Hauser, and Violich
WTC-CIF Asia Pacific ex-Japan Portfolio
WTC-CIF International Growth Portfolio
WTC-CIF Opportunistic Investment 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
Mondrian Global Fixed Income Fund
PIMCO All Asset Fund
RiverSource Investments, LLC
SEI Institutional Investments Trust Emerging Market Bond Fund
WTC-CIF Opportunistic Investment Portfolio
1921 Realty Inc.
AEW Partners VI, L.P.
AmSouth Timber Fund
Aslan Realty Partners IV, LLC
Berkshire Multifamily Value Fund II, L.P.
Dune Real Estate Fund II LP
Hancock Timberland IX Fund
Hancock Timberland X Fund
Intercontinental U.S. Real Estate Investment Fund, LLC
INVESCO Core Real Estate Fund
Mesirow Financial Institutional Real Estate International Fund
Multi-Employer Property Trust
New Boston Institutional Fund, L.P. VII
Principal Green Property Fund I, L.P.
Prudential Real Estate Investors (PRISA) Fund
Prudential Real Estate Senior Housing Partners III
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
WCP Real Estate Fund II, L.P.
ALTERNATIVE INVESTMENT MANAGERS
Ascent Venture Partners V, L.P.
Charlesbank Equity Fund VII
Constitution Capital Partners Ironsides II
DMR Mortgage Opportunity Companion Fund
Levine Leichtman Capital Partners IV, L.P.
Mesirow Financial Private Equity Partnership Fund V
Seguin Partners Fund, L.P.
SEI Structured Credit Fund, L.P.