Buffalo Laborers Pension Fund, Cheektowaga, N.Y., hired Alliance Bernstein and INTECH to manage $4.4 million each in active domestic large-cap growth equities for the $119 million pension plan, said Thomas L. Panek, administrator. Funding came from terminating Putnam, which ran $8.8 million in the same style; the termination was due to performance, he said. Laura McNamara, spokeswoman for Putnam, said the company has no comment.
Marco Consulting advised.
