Louisiana Clerks of Court Retirement and Relief Fund, Baton Rouge, hired Capital Guardian Trust to manage $72 million in active domestic large-cap core equities, said Charlotte Massey, executive secretary. The $200 million pension fund terminated the portfolio's previous manager for performance, Ms. Massey said; she would not identify the firm. A source close to the situation, who wished to remain anonymous, said Independence Investments managed the fund's large-cap assets. Officials with Independence Investments didn't return calls seeking comment by press time.
Summit Strategies assisted.