Milwaukee City Employes Retirement System is searching for an active domestic large-cap growth equity manager to handle about $200 million. The $3.9 billion plan is making the move following a "structural analysis undertaken by the system, said CIO Jennifer Shannon.
Funding likely will be pulled in equal amounts from active domestic large-cap value managers Alliance Bernstein (currently managing $300 million) and Barclays ($680 million) and an S&P 500 index managed by Northern Trust ($575 million). Interested parties should contact the system. The search schedule will be established soon, Ms. Shannon added. Mercer will assist.