The Massachusetts Bay Transportation Authority Retirement Fund has terminated the Sands Capital Global Growth equity fund, according to minutes from the November 17th Board meeting.
The funds will be reallocated, 15% to PRIM Emerging Markets Equity, 60% to SSGA Russell 1000 Index Fund, and 25% to SSGA MSCI EAFE Index.
The Sands Capital account was valued at approximately $66.1 million as of December 31, 2022.
As of November 30, 2023, the $1.7 billion pension fund allocates approximately 3.8% to global equity with a target allocation of 4%.
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