St. Louis Police Retirement System selected MFS, Boston Co. and Iridian as finalists for an active domestic large-cap value equity manager to run $90 million. The new manager will replace Brinson, which was terminated due to personnel turnover, said Stephen Olish, executive director. The $715 million system expects to announce a decision soon.
Separately, the system expects to complete an asset-liability study this winter because it has been five years since the last one, said Mr. Olish.
Capital Resource Advisors is assisting.