Police Retirement System of St. Louis plans to search for a new active large-cap value domestic equity manager to run $92 million. Incumbent Brinson is being terminated due to organizational instability, or turnover, said Stephen Olish, executive secretary. The $715 million system may issue an RFP, but interested firms should contact consultant Capital Resource Advisors.
The fund will begin an asset allocation study after the search is complete, said Mr. Olish. The last study was conducted about five years ago.