Iron Workers Local 167 pension fund, Memphis, Tenn., hired TCW and Nicholas-Applegate to handle $5 million each in active domestic small-cap to midcap growth equities, said Edward Panis, business manager. Funding came from terminating a $9 million active domestic large-cap growth equity portfolio managed by Provident Investment Counsel; the termination was due to performance. The balance of funding came from contributions.
A spokesman from Provident declined comment.
