Southeastern Pennsylvania Transportation Authority, Philadelphia, hired active global fixed-income manager Brandywine and active midcap domestic growth equity manager Turner Investment Partners each to handle $40 million portfolios.
The $520 million plan hired Brandywine, its first global fixed-income manager, on the recommendation of consultant New England Pension Consultants, said Kurt Weidenhammer, assistant treasurer.
Turner replaces Albriond, which handled a $44 million portfolio, said Mr. Weidenhammer, who declined to comment on the reason for the termination. The remaining $4 million was converted to cash.
