Missouri Local Government Employees’ Retirement System, Jefferson City, hired Strong Capital Management to run $200 million in active domestic large-cap growth equities, said Keith E. Hughes, assistant director and controller. The $2.5 billion pension plan funded the hire by reducing a passive S&P 500 index portfolio, managed by Barclays Global Investors, to $115 million. Mr. Hughes said plan officials wanted more active management. The fund’s asset allocation is 70% equity and 30% fixed income.
Summit Strategies advised.
