Baring Asset Management Wins $325 Million New Mexico Mandate.BOSTON -- Baring Asset Management (Barings) announced today that it has been awarded a $325 million international equity mandate from the New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). Educational Retirement Board. Barings will manage half of a $650 million mandate in a focused international equity strategy benchmarked against the MSCI EAFE The MSCI EAFE (NYSE: EFA) is a stock market index of foreign stocks, from the perspective of a North American investor. The index is market capitalization weighted (meaning that the weight of securities is determined based on their respective market capitalizations. Index. The New Mexico Educational Retirement Board manages an $8.4 billion portfolio and is advised by New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Pension Consultants. Christopher Lees, the portfolio manager for the Barings Focused International Equity product said, "The objective of our portfolio is to add value from stock selection, country and sector allocation Sector allocation Investment of certain proportions of a portfolio in certain sectors. See: Industry allocation. and currency management. We seek under-recognized growth companies that will deliver positive earnings surprise. This mandate win reflects the experience of the Barings Global Equity Group and we look forward to working with the New Mexico Educational Retirement Board." David Gallagher
David Lee Gallagher (born February 9, 1985) is an American actor. He is perhaps best known for his role of Simon Camden on the television series 7th Heaven. , Head of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Sales at Barings adds; "We are delighted to have been chosen by New Mexico for this mandate. This is a significant win for us and it plays to our key strengths in international equity management." Note to editors Baring Asset Management Baring Asset Management is an international investment management firm with investment skills, clients and business locations spanning world markets. Our investment competency encompasses developed and emerging market equity, fixed income and multi-asset portfolio management services offered to institutions, retail investors and private individuals. Worldwide clients include public and corporate pension plans, government agencies, financial institutions, charitable organisations, mutual funds and private individuals. Baring Asset Management is part of the MassMutual Financial Group, a global, diversified financial services organization. Massachusetts Mutual Life Insurance Company MassMutual Financial Group is the fleet name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliates, with more than 13 million clients and over $455 billion in assets under management at year-end 2006. (MassMutual) is one of the largest life insurance businesses in the USA. This document is not an offer to sell or an invitation to apply for any product or service of Baring Asset Management. |
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