Los Angeles Water & Power Employees' Retirement Plan hired INTECH and...

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.