Milwaukee City Employes' Retirement System is searching for an active...

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 as the result of a "structural analysis” undertaken by the system, said Jennifer Shannon, chief investment officer. Funding likely will be pulled in equal amounts from the 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). Mercer will assist.