Laborers, District Council, Cement & Concrete Workers, Locals 6A, 18A and 20, New York, hired Freedom Capital to manage $17 million in active domestic large-cap value equities for the $152 million pension plan, said Thomas Reynolds, senior vice president of consultant Thomas P. Reynolds Securities, which assisted in the search. Funding came from terminating a $17 million active domestic large-cap core equity portfolio run by Unity Management; plan officials wanted to increase diversification, he said. The funds asset allocation is 60% equity and 40% fixed income.
Laborers, District Council, Cement & Concrete Workers , Locals 6A, 18A...
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