Kansas City Schools adds equity index fund

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 plan’s 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 plan’s website. Claretha Shumate, interim executive director, did not return calls seeking further information.