Buffalo Laborers Pension Fund, Cheektowaga, N.Y., terminated Oppenheimer Capital, which handled $10 million in active domestic large-cap value equities, for performance, said Thomas L. Panek, administrator. The $110 million pension plan put the assets in a temporary money market fund with M&T Bank, pending a decision next month about where to invest the money, Mr. Panek said. The plans asset allocation is 60% equity and 40% fixed income. Marco Consulting advised.
Paul Doane, senior vice president at Oppenheimer, did not return calls seeking comment by press time.