San Diego County Terminates Numeric Investors, Makes P.E. Hires

The $7 billion San Diego County Employees Retirement Association has terminated Numeric Investors from an $80 million quantitative long/short market control portfolio.

David Deutsch, cio, said the firm was terminated for people, process and performance issues and had been monitored for the past year after there was personnel turnover in the portfolio’s management team. He said the plan will hire a firm from the group of finalists that were involved in a search about a year ago, though he said he was not prepared to discuss the firms at this time.