Omaha (Neb.) Police and Fire Retirement Funds hired Kennedy Capital Management to run about $31 million in active domestic small-cap growth equities, said Kyungae Jun, pension accountant.
The $653 million pension fund conducted a shortlist search beginning in January following the termination of Palisade Capital Management from a similar portfolio because of a number of redemptions from other asset owners in the strategy.
The assets have been parked in an exchange-traded fund; Ms. Jun did not know the name of the manager or the names of other finalists.
Investment consultant DeMarche Associates assisted.