Minneapolis Teachers' Retirement Fund Association hired Alliance as a...

Minneapolis Teachers’ Retirement Fund Association hired Alliance as a large-cap growth U.S. equity manager to diversify its $899 million fund, said Karen Kilberg, executive director. Funding for the $53 million allocation came from terminating an S&P 500 index fund managed by PanAgora. Performance was not an issue, Ms. Kilberg said. Portfolio size was not available. The search was conducted in-house.