Asset Owners

US pension fund targets global EM equity via new mandate

The LA County Employees Retirement Association set Feb 15 local time as the deadline for a $250 million global EM equity mandate that would appeal to Asia-based managers.

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The Chinese yuan is:



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Overvalued versus the dollar
  23%
 
Undervalued versus the dollar
  50%
 
At fair value versus the dollar
  27%
TOTAL VOTES: 70
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