Brockton (Mass.) Contributory Retirement System hired EARNEST Partners to run $10 million in active domestic small-cap value equities, said Harold P. Hanna, executive director. The $160 million pension plan terminated Phoenix Investment Counsel, which ran the assets in a similar style, for performance, Mr. Hanna said. The plan’s asset allocation is 36% domestic equity, 8% international equity, 34% domestic fixed income, 9% international fixed income, 6% pooled real estate, 5% pooled venture capital and 2% cash. Wainwright Investment Council advised.
Stacy Johnson, spokeswoman for Phoenix parent Phoenix Investment Partners, did not return calls seeking comment by press time.