Salt River Project, Phoenix, hired active core equity managers Wellington and Capital Guardian to run a combined $145 million, said Sue Ann Perkinson, assistant treasurer, funds administration. Wellington will run $115 million in domestic large-cap, while CapGuardian will run $30 million in international, Ms. Perkinson said.
Wellington replaced J.P. Morgan Fleming, which ran the money in an enhanced S&P 500 index fund; CapGuardian replaced Schroder Investment Management, which ran the money in a similar portfolio, Ms. Perkinson said. J.P. Morgan Fleming and Schroder were terminated for organizational issues, she said. J.H. Ellwood assisted the $610 million pension plan.
