Connecticut Retirement Plans & Trust Funds, Hartford, terminated J.P. Morgan Fleming Asset Management, which handled $1.35 billion in passive enhanced domestic equities and $680 million in core-plus domestic fixed income, said Bernard Kavaler, spokesman for the $17.1 billion pension fund. The termination was due to performance, he said. Plan officials moved $1 billion from the domestic equity portfolio into a $1.2 billion passive enhanced domestic equity fund managed by Barclays Global Investors, and the remaining $350 million was added to a $1.4 billion S&P 500 fund run by State Street Global Advisors. The assets from the fixed-income portfolio were moved into an $823 million active domestic core fixed-income fund managed by Western Asset Management.
"We dont comment on our clients activities, said Carolyn Jones, spokeswoman for J.P. Morgan Fleming.