Teamsters, Local 142, Gary, Ind., hired Eubel, Brady & Suttman to manage $10 million in active domestic midcap value equities for the $290 million pension plan, said Jay R. Smith, fund manager of pension welfare and training trust funds. Funding will come from reducing its investment in Prudential PRISA I, a commingled real estate fund, to $25 million. The change was made for diversification, he said.
The fund's asset allocation is 50% equity, 40% fixed income and 10% real estate. Segal Advisors advised.