DeKalb Employee Retirement System, Decatur, Ga., hired active domestic equity managers Mazama Capital, EARNEST Partners, Edgar Lomax and Crawford Investment Counsel, said Paul Wright, pension administrator. Mazama and EARNEST will run $25 million each in small caps for the $1.1 billion system, Mr. Wright said. Edgar Lomax and Crawford will each run $45 million to $50 million in large caps, he said; final portfolio sizes have not been determined. Further details on investment style were not available.
Partial funding came from the performance-based termination of GE Asset, which ran a $45 million active domestic large-cap equity portfolio, Mr. Wright said. The remainder came from reducing the equity portfolios of Southeastern Asset and Gabelli Asset by $50 million each, he said. Southeastern now runs $200 million, while Gabelli handles $120 million for the plan. Tim Benedict, GE Asset spokesman, did not comment by press time. Callan Associates assisted.
