Ironwood (Mich.) Retirement System is searching for a manager to run the $5.5 million Police and Fire Pension Fund. The new manager, which will replace PaineWebber, will manage the assets in active domestic all-cap value and growth equities, said Julie Frederickson, finance director.
Consultant Portfolio Analytics will be conducting the invitation-only search. No date has been set for a decision, Ms. Frederickson said.