Minneapolis Employees' Retirement System hired Capital Guardian Trust...

Minneapolis Employees' Retirement System hired Capital Guardian Trust to manage $120 million in an active all-cap global equity strategy, said Judith Johnson, executive director of the $1.3 billion plan. Half of the funding for the portfolio comes from reducing passive assets managed by State Street Global Advisors, and half comes from active international equity mandates managed by Bank of Ireland and Wellington Management. The hire completes the plan's asset allocation changes, begun last year, Ms. Johnson said. Ennis Knupp assisted.