Milwaukee City Employes' Retirement System will search for an active domestic midcap core equity manager for its $4.3 billion fund. Funding will come from terminating Brown Capital, which runs $165 million in active domestic midcap GARP equities, said Jennifer A. Shannon, chief investment officer. The committee recommended restructuring the midcap allocation to core, she said. The portfolio size and other details about the search may be decided at the board's meeting on Dec. 20.
Mercer is assisting.
