East Hartford (Conn.) Town Retirement System hired Dimensional Fund...

East Hartford (Conn.) Town Retirement System hired Dimensional Fund Advisors to run its $130 million in plan assets in a passive strategy, said Michael Walsh, town finance director. DFA replaced active equity managers Aeltus, Brandes and Simms Capital, and fixed-income managers William Blair and Allegiance, he said. Trustees were impressed with the academic research behind DFA's approach, he said. Newly hired investment consultant Symmetry Capital Advisors assisted.