The Cambria County Employees Retirement System has terminated the Mondrian Non-U.S. Equity account, according to minutes from the November 28th Board meeting.
Investment consultant, Marquette, recommended an approach that would mirror the U.S. Equity allocation, which would terminate one of the value managers and move assets to an index fund.
The Mondrian account had a market value of approximately $5.4 million as of December 31, 2022.
Funds will be reallocated to the Fidelity Global Index Fund.
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