Cambria County Employees’ Retirement System, Ebensburg, Pa., hired active domestic large-cap equity managers Crawford Investment Counsel and Chase Investment Counsel to manage $15 million each in value and growth styles, respectively, said Antoinette Sherry, deputy controller.
Funding came from terminating a $30 million active domestic large-cap growth and value portfolio managed by 1838 Investment Advisors. Consultant Legg Mason recommended the $122 million pension plan get separate managers for value and growth investments, and 1838 was not asked to rebid, she said.
Officials at 1838 did not return calls seeking comment by press time.
