Electrical Workers, IBEW Local 68 & District 8, Denver, is considering changing the style of a small-cap value U.S. equity portfolio and potentially replacing the manager for that portfolio, said Dwayne Tidwell, business manager.
Underperformance is the reason the $350 million defined benefit plan is reconsidering its options, he said, declining to discuss the manager or the amount of the portfolio under scrutiny. The change would be a switch to a growth style, said Mr. Tidwell. A decision is expected by November.
Separately, the 8th District Electrical Pension Funds $50 million annuity plan increased its investment options to seven from six by adding the Alger Small-Cap fund.