Building Trades United Pension Trust Fund, Milwaukee & Vicinity, Elm Grove, Wis., is creating a shortlist of active domestic small-cap value equity managers, one of which will be chosen to run an undisclosed amount for the $979 million plan, said Marlyn J. Spear, chief investment officer. Funding probably will come from redistributing assets from other portfolios. No terminations are expected, Ms. Spear said; she declined further comment.
Callan Associates is assisting.