Sonoma County Employees puts GMO on watch


Sonoma County Employees puts GMO on watch – Pensions & Investments

<br /> <!-- Swiftype Variables --> <br /> Sonoma County Employees’ Retirement Association placed GMO on watch for its global asset allocation portfolio.Rob Kozlowski<br /> <br /> Sonoma County Employees’ Retirement Association, Santa Rosa, Calif., placed Grantham, Mayo, van Otterloo & Co. on watch for its $136 million global asset allocation portfolio, said Steven Marsh, senior investment officer.</p> <p>The $2.8 billion pension fund’s board approved the GMO action at its May 20 meeting. Mr. Marsh said the action was due to performance concerns. A spokesman for GMO declined to comment.</p> <p>GMO is the sole manager of the pension fund’s global asset allocation investment. Investment consultant Aon Hewitt Investment Consulting assisted. </p> <p>

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