On Wednesday, April 1, 2020 the Board interviewed three highly ranked investment managers vying to manage an allocation to small cap domestic equity and after moderate discussion the Board chose Copeland. By the numbers, and with good presentations all three were close competitors, and Copeland got the nod based on incrementally better numbers than two other fine managers with good numbers and approaches. All three of them provided compelling pitches as to how well they pair with the Board’s other small cap manager – Aberdeen – which was a goal communicated to the three.
The allocation will be funded sometime this summer.
The two competitors were Palisade Capital Management (Fort Lee, NJ), and Teton Advisors (Rye, NY).