US - Schroder Investment Management North America has pulled out of the running for up to $1.8bn in emerging markets mandates, mandates that were put out to tender by the $156bn California Public Employees Retirement System (CalPERS).
In a letter to the pension fund, Ellen Sullivan, director of Schroder's in New York, said that the fund manager had to pull out of the running as it has closed its emerging markets investment produ...
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