Chicago Laborers’ & Retirement Board Employees’ Annuity & Benefit Fund terminated Oppenheimer Capital, which ran $60 million in active domestic large-cap value equities, because of performance, said James Capasso Jr., executive director. The $1.4 billion plan transferred the money to UBS Global, which now manages $273 million in the same style.
Jeff Sheran, marketing director at Oppenheimer, said the company had no comment on the termination.
