San Francisco City & County Employees' Retirement System hired INTECH, Sands Capital, Transamerica Investment Management and Profit Investment Management to run a total of $500 million in active domestic large-cap growth equities, said David Kushner, deputy director of investments. Portfolio sizes will be determined at the $12.5 billion fund's Jan. 11 board meeting.
Partial funding comes from RCM, which ran $225 million in active domestic large-cap growth equities and was terminated because of a "combination of performance and organizational issues," Mr. Kushner said. The remainder will come from other investments, he added.
T.J. Deutz, RCM head of sales and marketing, did not return a call seeking comment.