DuPage County Cement Masons Local 803, Villa Park, Ill., hired Chicago Equity Partners to manage a $7 million active domestic midcap core equity portfolio, said Rich Priester, administrator. Funding will come from reducing a $14.2 million S&P 500 index fund run by State Street Global Advisors. The $70 million pension fund made the change to increase diversification. The plan's asset allocation is 45% equities, 45% bonds and 10% real estate.
Marco Consulting assisted.