---
title: Idaho PERS Terminates Emerging Markets Manager
description: Idaho PERS Terminates Emerging Markets Manager.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/alden-skeie-cBx1EygM3BM-unsplash-1.jpg
---

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# Idaho PERS Terminates Emerging Markets Manager

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/alden-skeie-cBx1EygM3BM-unsplash-1.jpg)

The Public Employee Retirement System of Idaho has terminated the Genesis Emerging Markets equity account, according to meeting minutes from the May 16 board meeting. 

The Genesis account had a market value of approximately $337 million as of June 30, 2022.

The Board used this event as an opportunity to rebalance the overall fund. $95 million was withdrawn from Adelante REIT. $65 million of which will be used to meet cash needs. The remaining $30 million in addition to proceeds from the Genesis account will be reallocated to IEMG ETF managed by State Street.

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 Tags: [Emerging Markets](https://dakotafunds.com/dakota-funds/tag/emerging-markets), [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [International Equities](https://dakotafunds.com/dakota-funds/tag/international-equities), [Equities](https://dakotafunds.com/dakota-funds/tag/equities)

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