The Los Angeles Water & Power Employees' Retirement Fund hired NorthPointe Capital and Paradigm Capital to manage $50 million each in active domestic small-cap growth equities, said Sangeeta Bhatia, retirement plan manager for the $6 billion fund. The portfolio's previous manager, BNY Asset, was terminated in April because of personnel changes, she said. The selection follows an RFP issued in May. Pension Consulting Alliance assisted.
The Los Angeles Water & Power Employees' Retirement Fund hired...
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