Manchester (Conn.) Retirement Allowance Fund terminated the $5 million...

Manchester (Conn.) Retirement Allowance Fund terminated the $5 million international portion of an active global growth equity portfolio run by Simms Capital, leaving it with $5 million in active domestic large-cap growth equities, said Alan Desmarais, director of finance. The termination was due to performance, he said. The $85 million pension plan also wanted to move the assets into international value equities, said Rob Huestis, chairman. The money from the termination will be added to an active international large-cap value equity portfolio managed by Causeway Capital, increasing it to $10 million, Mr. Desmarais said. Dennis Tracey, regional director for Simms, did not comment by press time. Prime Investment Consulting Group advised.