Missouri State Employees' Retirement System, Jefferson City, hired...

Missouri State Employees' Retirement System, Jefferson City, hired Relational Investors to manage $50 million in a "special situations" equity portfolio, said Gary Findlay, executive director. The $5.3 billion system expects the portfolio of concentrated large-cap value stocks to perform like private equity, but with greater liquidity, Mr. Findlay said. Funding will come from the system's 5% private equity allocation, he said. Summit Strategies Group assisted.