Oakland Police and Fire Retirement System selected Barrow, Hanley...

Oakland Police and Fire Retirement System selected Barrow, Hanley, Mewhinney & Strauss to manage $37 million in active domestic large-cap value equities. The board had picked Aronson + Johnson + Ortiz to manage the portfolio, but the manager did not agree with the board's policy that managers consider local and minority- and women-owned brokerage for handling transactions, said Yvonne Hudson, manager of retirement benefits for the $590 million pension fund. Theodore Aronson, a principal at the firm, did not return a call seeking comment. Pension Consulting Alliance assisted.