Manchester (Conn.) Retirement Allowance Fund placed Simms Capital on watch for performance, said Alan Desmarais, director of finance. Simms runs $9 million in active global growth equities for the $93 million fund, and will meet with fund officials on June 19.
Also, the systems $5 million 401(a) plan put bundled provider ING Retirement Services on watch due to the poor performance of its 13 investment options, said Mr. Desmarais. ING officials also will meet with the plans board on June 19.
Dennis Tracey, regional director for Simms, and Dana Ripley, director of external communications at ING Retirement, declined comment.