Maryland-National Capital Park and Planning Commission Employees Retirement System, Riverdale, named T. Rowe Price, MacKay-Shields and Alliance Bernstein as finalists in its search for a manager to run $40 million in active domestic large-cap growth equities, a new asset class, said Ed Navarre, administrator. The $465 million system will make a selection at its April 2 board meeting. The funding source has not been determined. The change is due to an asset allocation recommended last year by Wilshire Associates.
Separately, the system retained Putnam as its international equities manager and added $21 million to its portfolio, raising it to $46 million. Funding came from reducing an emerging markets equity portfolio managed by T. Rowe Price, leaving it with $10 million, Mr. Navarre said.