IBEW Pacific Coast Pension Plan, San Francisco, hired Quest Investment to manage $40 million in active domestic large-cap growth equities for its $210 million pension plan, said William Wurts, president of consultant Wurts & Associates. Funding came from terminating Columbia Management, which ran $40 million in active domestic large-cap core equities, for performance and ownership changes, Mr. Wurts said.
Separately, the plan added $38 million to a McMorgan active domestic fixed-income portfolio, increasing it to $74 million, said Mr. Wurts. Funding came from terminating a similar portfolio managed by Columbia, also for performance and ownership changes, he said.
Kathy Griffin, head of marketing for Columbia, did not return calls seeking comment by press time.