Danville (Va.) Employees' Retirement System hired Scudder Kemper to...

Danville (Va.) Employees’ Retirement System hired Scudder Kemper to replace Thompson, Siegel & Walmsley as a large-cap value U.S. equity manager, said Rich Dahab, consultant to the $160 million fund. He declined to give the reason for the change in portfolio size but did say half of the terminated mandate will go to Scudder Kemper and the other half will fund a Russell 1000 value index manager at a later date. Gordan Goodykoontz, senior vice president for Thompson Siegel, declined to comment. Dahab Associates assisted.