New Haven (Conn.) Police & Firemens Pension Fund has a shortlist of 14 managers in its search for a manager to run $14 million in active domestic midcap value equities, said Gwendolyn Bell, pension administrator for the $274 million plan. Funding will come from terminating Valenzuela Capital, which managed $14 million in the same style, for performance. The assets are being held in a temporary S&P 400 midcap index fund managed by Northern Trust, the plans trustee, she said. Gray & Co. is assisting.
Donald Krueger, a managing director at Valenzuela, did not return calls seeking comment by press time.