Alaska Hotel & Restaurant Employees Pension Fund, Anchorage, is undertaking its annual asset allocation review of the $166 million Taft-Hartley plan, said Bruce Eliasen, senior fund officer. He was unsure if any manager changes are expected. Wurts & Associates is conducting the review; results are expected in February.
Separately, the fund's board terminated McMorgan & Co., which ran $20 million in active domestic large-cap core equities, for performance, Mr. Eliasen said. The money was moved to an existing portfolio run by Victory Capital, which is diversified (growth and value) equity with a value tilt. Robert Hirsch, McMorgan's general counsel, did not return calls by press time for comment.
