Bellwood (Ill.) Police & Firemen's Pension Funds is allocating its...

Bellwood (Ill.) Police & Firemen’s Pension Funds is allocating its entire $7 million equity portfolio to Oak Brook Bank, which already handles the balance of the $17 million pension plan’s assets in a fixed-income portfolio, said John V. Franch, treasurer. Oak Brook will manage $4 million in domestic large-cap equity, $2 million in domestic midcap to small-cap equity and $1 million in international equity, said a representative from Oak Brook, who didn’t want to be identified. Each style will be split equally between growth and value, and a portion of assets from each style will be passively managed, said the representative. The plan terminated previous equity manager Edward D. Jones because of personnel changes, Mr. Franch said. The plan did not use a consultant, he said.