Philadelphia Public Employees' Retirement System hired Turner...

Philadelphia Public Employees’ Retirement System hired Turner Investment Partners and Navellier & Associates to manage $40 million each in active domestic midcap growth equities, said Tony Johnson, CIO. The $4.4 billion system had parked the assets in an S&P 400 midcap index fund managed by Deutsche Asset Management. The move resulted from an asset allocation study completed earlier this year, he said.