Little Rock (Ark.) City Relief Pension Funds has a shortlist in its search for a manager to run a total of $3 million to $3.5 million in active domestic midcap growth equities for both its non-uniformed pension plan and its non-uniformed 401(a) plan, which total $32 million, said James Bradshaw, risk manager.
The system also has a shortlist in its search for a REIT partner, to which it will commit $3 million to $3.5 million for both plans, he said.
Partial funding will come from terminating a Janus mutual fund, in which both plans had invested $3.7 million, because of performance. The remaining funding will come a reallocation of assets across the board, he said. Consultant Gerber Taylor Associates will choose finalists by early April, he said.