NYC’s Liu Rehires Acadian as Fund Manager After 2010 Dismissal
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New York City Comptroller John Liu has rehired Acadian Asset Management LLC after dismissing the company in 2010 for poor performance overseeing $646 million in three pension funds.
Michael Loughran, a Liu spokesman, said the city awarded the Boston company an $8.37 million contract several weeks ago, without competitive bidding. Acadian will handle investments in emerging markets, he said.