Congregation of the Passion, Holy Cross Province, Chicago, hired Thomas White International to manage $9 million in active domestic large-cap value equities and Metropolitan West to run $6 million in active domestic bonds for its general, endowment and retirement funds, which total $15 million.
Brinson Partners, which had managed the combined funds in a balanced portfolio, was terminated because the congregation wanted separate firms to handle each asset class and because Brinson’s ‘‘deep value orientation’’ had not performed well in recent years, said Michael Hoolahan, chairman of the investment advisory committee.
Greg T. Fedorinchik, director at Brinson, declined to comment.
