Metropolitan Water Reclamation District of Greater Chicago hired New Amsterdam to run $15 million in active domestic midcap core equities. Funding comes from an active domestic midcap value equity portfolio managed by Kenwood, which was terminated because of performance and due to an asset allocation study still in progress, said Thomas O’Connor, president of the $1.1 billion retirement fund. Sharon Morrow, senior vice president of marketing and client services at Kenwood, said the "value style of investing has been out of favor for three years.”
Standard Valuations assisted.
