Los Angeles Water & Power Employees’ Retirement Plan hired INTECH and Fred Alger to manage $212 million each in active domestic large-cap growth equities, subject to contract negotiations, said Duamel Vellon, retirement plan manager. Funding will come from reducing a $1.2 billion portfolio run in similar style by Boston Co. The $5.2 billion system is reorganizing the portfolio.
Los Angeles Water & Power Employees' Retirement Plan hired INTECH and...
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