Arkansas Public Employees Retirement System to switch investment managers, citing ‘very poor stock picking’

July 30, 2024 at 6:14 p.m.

by Michael R. Wickline

Tony Davis from Miracle Window Cleaning works on fixing lights outside the Union Plaza building in downtown Little Rock in this Sept. 27, 2021 file photo. The Arkansas Public Employees Retirement System occupies three floors of the building. (Arkansas Democrat-Gazette/Stephen Swofford)
Tony Davis from Miracle Window Cleaning works on fixing lights outside the Union Plaza building in downtown Little Rock in this Sept. 27, 2021 file photo. The Arkansas Public Employees Retirement System occupies three floors of the building. (Arkansas Democrat-Gazette/Stephen Swofford)

The Arkansas Public Employees Retirement System will replace domestic stock investment manager Lazard Asset Management with domestic stock investment manager Boston Partners, the system trustees' Investments Finance Subcommittee decided Tuesday.

Lazard

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