Baltimore City Fire and Police Employees' Retirement System hired...

Baltimore City Fire and Police Employees' Retirement System hired INTECH to run $155 million in enhanced core equities; Legg Mason to handle $75 million in active core equities and Lloyd George to manage $75 million in emerging market equities, said Thomas P. Taneyhill, executive director. Funding will come from terminating four managers: Putnam, which ran $90 million in international growth equities; Alliance Capital, $75 million, large-cap growth equities; Boston Co., $100 million, large-cap value equities; and INVESCO, $40 million, international core equities. The $1.9 billion system terminated Alliance and Putnam because of poor performance; it terminated Boston Co. and INVESCO because of "portfolio restructuring," Mr. Taneyhill said. Plan officials would not provide additional information.