The Missouri Local Government Employees' Retirement System, Jefferson City, is paying "closer scrutiny" to equity managers INVESCO Global and Strong Capital in light of the investigations into mutual fund trading practices at INVESCO Funds Group and Strong, said Keith Hughes, assistant executive secretary and controller. INVESCO runs $275 million in international equities for the $2.7 billion system, and Strong runs $207 million in active domestic large-cap growth, Mr. Hughes said. Plan officials are not placing the firms on watch because they feel that the alleged trading abuses did not directly affect their portfolios, he said. Summit Strategies is assisting.
Bill Hensel, spokesman for INVESCO parent AMVESCAP, declined to comment. Drew Wineland, spokesman for Strong, did not respond to a request for comment by press time.