Arlington County Supplemental Retirement System, Arlington, Va., hired Alliance Capital to manage $50 million in active domestic large-cap growth equities; Abbott Capital to run a $50 million private equity fund of funds; and Oaktree to handle $10 million in a long-short emerging markets portfolio, said Bruce O. Kallos, administrator.
The $1.1 billion system funded Alliance by terminating Trinity, which ran a core value portfolio; Mr. Kallos said the system "unwound” its value tilt in domestic equities. Funding for Oaktree came from cutting back an emerging markets portfolio run by Schroders, leaving it with $15 million.
