The South Carolina Budget and Control Board, Columbia, today approved hiring Barclays Global Investors to run $300 million in active domestic large-cap core equities for the $21 billion South Carolina Retirement System, said Michael Sponhour, spokesman. Funding will come from an S&P 500 index fund run by State Street Global Advisors, where the money had been parked since previous portfolio manager J.P. Morgan Fleming Asset Management was terminated because of personnel turnover.
Separately, the board retained Wells Capital Management as manager of a $190 million active domestic small-cap value equities portfolio; the portfolio had been managed by Benson Associates, which was acquired by Wells Capital.
