Omaha Police & Firemen’s Retirement System hired Fidelity Management Trust to run $39 million in risk-controlled domestic large-cap value equities for the $350 million system, said Stanley P. Timm, finance director and administrator. Funding came from reducing a balanced portfolio run by INVESCO. Additional money also was moved from that portfolio to a small-cap equity portfolio run by INVESCO, and to several other equity managers. The system wanted to move more funds into equities, Mr. Timm said; he wouldn’t provide further information.
DeMarche Associates assisted.
