Newport to shift $30 million from retail

City of Newport, R.I., which has run its $88 million in pension assets entirely in retail products, is looking to move $30 million to three managers to run as separate accounts. City officials are seeking a firm to manage $13 million in active domestic midcap core equity and two others to run $8.5 million each in active domestic large-cap equity, one growth and the other value, said Jennifer Findlay, senior accountant. The city is making the move to maximize returns and save fees, Ms. Findlay said. Selections are expected in November. Dahab Associates is assisting.