New Jersey Education Association, Trenton, hired Dimensional Fund Advisors to manage $9 million in active domestic small-cap core equities for its $85 million pension plan, said Leonard D. Koch, personnel manager. Funding came from reducing domestic equities across the board, and the move was made for diversification, he said. The plan's asset allocation is 55% domestic equity, 35% fixed income and 10% international equity. Marco Consulting Group advised.
CORRECTION: Trustees of the Teachers' Retirement System of Illinois did not remove six firms from the watchlist, as reported in the Aug. 20 P&I Daily. The removal of Geewax Terker, Julius Baer, Payden & Rygel, PIMCO, UBS Global Asset Management and Weiss Peck & Greer is pending completion of year-end performance analytics, which were not finished in time for the board's Aug. 14 meeting. The placement will be carried over to the board's October meeting, said John Day, a spokesman.