St. Louis Police Retirement System selected Clay Finlay to run $33 million in a commingled international equity account, pending contract negotiations, said Stephen Olish, administrative director. The $672 million plan terminated the portfolio's previous manager, Putnam, in October following market-timing accusations against the firm; the money was parked in an S&P 500 index fund run by Northern Trust, raising it to $128 million, Mr. Olish said. Walter Scott and J.P. Morgan Fleming were the other finalists in the search. CRA RogersCasey assisted.
St. Louis Police Retirement System selected Clay Finlay to run $33...