Indiana Public Employees Retirement Fund, Indianapolis, consolidated its passive equity portfolios with Barclays Global Investors, said Patricia J. Gerrick, CIO. It terminated UBS Global, which ran a $300 million enhanced domestic index portfolio for the $9.7 billion fund, and State Street Global Advisors, which ran a $200 million EAFE index fund. BGI will run those portfolios in similar styles, she said; the firm already runs $1.9 billion for the plan in an S&P 500 index fund.
"It was done for efficiency,” Ms. Gerrick said. Mercer Investment Consulting assisted.
