Chicago Laborers' Annuity & Benefit Fund hired Northern Trust to run $50 million in its Minority and Women-Owned Business Enterprises active domestic equity fund of funds, said James Capasso, executive director. Funding came from reducing fixed income, Mr. Capasso said; he would not say which portfolios were affected. Trustees wanted to increase the $1.6 billion system's equity exposure, he said. The plan's asset allocation is 57% domestic equity, 31% fixed income, 7% international equity, 3% real estate and 2% venture capital. Becker, Burke assisted.