Waterford Township (Mich.) General Employees’ Retirement System may search for an active domestic all-cap growth equity manager, said Nancy Smith, chairwoman. The allocation size has not been determined.
The $38 million plan wants a manager to complement active domestic all-cap value manager Bartlett, which runs $17 million, she said.
Funding would come from terminating another manager, which Ms. Smith would not identify. A decision on whether to conduct the search will be made in October, she said.
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