Producer-Writers Guild of America Pension Plan, Burbank, Calif., hired active all-cap growth domestic equity managers: Janus, to run $30 million; TCW, $25 million; and Alliance Capital, $20 million. Funding comes from several equity portfolios managed by McMorgan, which still handles a total of $427 million in equity for the $1.4 billion fund.
The $151 million Writers Guild Industry Health Fund hired Lipper and TCW to manage $20 million each in active high-yield fixed income; funding will come from reducing McMorgan’s active core fixed-income portfolio, leaving the manager with $74.8 million, said Diane White, interim administrator.
