Buffalo Laborers Pension Fund Local 210, Cheektowaga, N.Y., hired Victory Capital Management to run about $7 million in active domestic large-cap core equities and LSV Asset Management to run $6 million in active international equities, said Tom Panek, administrator. Partial funding for the new portfolios will come from the performance-related termination of AllianceBernstein, which ran a $4 million active domestic large-growth portfolio for the $120 million plan. The balance of the funding will come from reducing a $16.6 million active domestic large-cap value equity portfolio run by NWQ Investment Management and a $13.6 million S&P 500 index fund run by State Street Global Advisors; the specific amounts have not been determined. Marco Consulting is assisting.
John Meyers, AllianceBernstein spokesman, did not return a call seeking comment by press time.