Kent County, Grand Rapids, Mich., hired AXA Rosenberg to manage $20 million in active domestic small-cap to midcap core equities for the $400 million pension plan, said George A. Tarlas, senior consultant with Asset Consulting Group. Funding came from terminating an active domestic small-cap core equity manager, which ran $20 million, for performance; he declined to name the manager.
The plan's asset allocation is 50% fixed income, 45% domestic equity and 5% international equity.
