Kansas City (Mo.) Public School Retirement System hired RhumbLine Advisors to run $90 million in an equity index fund, according to recently released minutes from a Nov. 5 meeting. The benchmark was not named. Funding will come from reducing the $859 million plans two domestic fixed-income managers, Denver Investment Advisors and Atlantic Asset Management Partners, by $45 million each. The firms each handled $81 million as of June 30, according to information on the plans website. Claretha Shumate, interim executive director, did not return calls seeking further information.
Kansas City Schools adds equity index fund