District of Columbia Retirement Board hired Sands Capital Management to run $50 million in active domestic large-cap growth equities, said Betty Ann Kane, executive director. Funding will come from cash.
Separately, the $2 billion system hired EFI as actuarial consultant, replacing Milliman USA. The systems contract with Milliman expires June 30, 2004, but DCRB was allowed to terminate the contract at any time.
Watson Wyatt assisted.