Iron Workers Mid-America Pension Fund, Lansing, Ill., hired AllianceBernstein and Delaware Investments to run $20 million each in active international equities, a new asset class for the $340 million fund, said Joseph Burke, administrator. Consultant Marco Consulting recommended the move. Funding came from rebalancing; no managers were terminated.
Separately, Harris Investment Management was hired to run $11 million in active domestic small-cap growth equities. The previous manager, Columbia Management, was terminated for organizational reasons, Mr. Burke said.