Carpenters, Central Indiana District Council, Indianapolis, hired Buckhead Capital Management to run $8 million in an active domestic balanced portfolio. Funding came from terminating Ark Asset, which ran the money in an active domestic all-cap value equity portfolio, according to a plan official who did not wish to be named. Plan officials wanted to change the investment style, he said. Ark continues to manage other portfolios for the plan; he would not provide further details. UBS Paine Webber advised.
The pension plan has $276 million in assets, according to the Money Market Directory.