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St. Louis Employees names 3 finalists for enhanced index equity manager

St. Louis Employees' Retirement System named three finalists in its search for a domestic large-cap core enhanced index equity manager to run $20 million, said Rich Olliges, accounting officer.

The $750 million pension fund issued an RFP in November. The finalists, OakBrook Investments, Piedmont Investment Advisors and RhumbLine Advisers, will make presentations at a special board meeting March 23. A selection is expected shortly thereafter.

Mr. Olliges said the current manager of the portfolio is INTECH Investment Management. He could not provide the specific reason for the search or whether INTECH rebid.

Investment consultant Summit Strategies Group assisted.