Warwick (R.I.) Retirement System invested $10 million each in the Capital Research EuroPacific Growth A and the Julius Baer International Equity A funds, said Oscar Shelton, personnel director and retirement board secretary. The $199 million system also hired active domestic small-cap equity managers Turner Investment Partners to run $8 million in core and Westfield Capital to handle $8 million in growth, Mr. Shelton said.
Funding for the investments came from reducing an active domestic large-cap growth equity portfolio managed by Loomis Sayles to $25 million from $50 million; the firm was also put on watch for performance, Mr. Shelton said. The system also trimmed a $26 million active domestic small-cap core equity portfolio run by Rothschild Asset to $14 million and changed its style to value, he said. Christopher Lazzaro, vice president of public relations at Loomis Sayles, did not return calls seeking comment by press time. The plans asset allocation is 62.5% equity and 37.5% fixed income. UBS PaineWebber-Prime Consulting advised.