City of Baltimore Employees' Retirement System hired Davis Hamilton Jackson to manage about $51 million in active domestic large-cap growth equities for the $1.2 billion pension plan, said Roselyn H. Spencer, acting executive director. Partial funding will come from the performance-based termination of Alliance Capital, which ran approximately $30 million in a similar style, Ms. Spencer said. That money was parked in a Mellon Capital Russell 1000 growth fund that will be eliminated, she said. Callan Associates assisted. John Meyers, Alliance spokesman, did not return calls seeking comment by press time.
Also, the staff overseeing Baltimore's three public funds - ERS, the $1.8 billion Fire and Police Employees' Retirement System and the $13 million Elected Officials' Retirement System - were separated effective July 1, Ms. Spencer said. Thomas P. Taneyhill, formerly executive administrator of the three plans, is now executive director for the Fire and Police System. Ms. Spencer, who was deputy executive administrator of the three plans, is overseeing the other two plans on an acting basis.
