SEARCHES AND HIRES

St. Louis Employees taps Piedmont for large-cap core enhanced index strategy

St. Louis Employees’ Retirement System hired Piedmont Investment Advisors to manage $20 million in domestic large-cap core enhanced index equities, said Richard Olliges, accounting officer.

The $750 million pension fund issued an RFP in November due to performance issues with incumbent manager INTECH Investment Management. Mr. Olliges could not provide further information on whether INTECH rebid for the services.

INTECH spokesman Taylor Smith declined comment.

Other finalists were OakBrook Investments and RhumbLine Advisers.

Investment consultant Summit Strategies Group assisted.