Northern Trust Global Advisors selected six firms to run a total of $40 million in equity portfolios for the $1 billion Chicago Community Trust as part of Northerns emerging/minority investment program.
The firms chosen to run active small-cap or large-cap equities for the program are Atlanta Life Investment Advisors, Campbell Newman Asset Management, Fiduciary Management Associates, Lynmar Capital, Lombardia Capital and Paradigm Asset Management, confirmed Northern Trust spokeswoman Alexis Geocaris in an e-mail.
Northern Trust oversees $250 million for the trust. Ms. Geocaris could not provide additional information on the managers selected.
Carol Y. Crenshaw, vice president of finance and CFO for the Chicago Community Trust, was unavailable for comment.