Maryland State Retirement Systems, Baltimore, hired HarbourVest...

Maryland State Retirement Systems, Baltimore, hired HarbourVest Partners and Abbott Capital Management as private equity managers to run $100 million and $50 million, respectively, said Richard Dixon, board chairman and state treasurer. The hirings complete a restructuring that began in February when the $28 billion fund hired one manager, terminated three others, accepted the resignation of one manager and increased allocations for two small-cap U.S. equity managers, he said. Funding for both allocations came partly from Investment Counselors of Maryland, which resigned as a $135 million domestic fixed-income manager, and partly from rebalancing.