Kansas Construction Trades Open-End Pension Fund, Topeka, hired Peregrine Capital to manage $10 million in active domestic small-cap value equities, said Gary Muckenthaler, administrator. Partial funding came from terminating Crabbe Huson, which ran $7 million in a similar style, for performance; the remainder came from rebalancing.
The $125 million Taft-Hartley plan's asset allocation is 45% large-cap value equity, 45% fixed income, 5% small-cap value equity and 5% real estate. Marco Consulting advised.
Garth R. Nisbet, CIO of Crabbe Huson, did not return calls seeking comment by press time.