St. Louis Public School Retirement System hired Holland Capital Management to run $30 million in active domestic large-cap growth equities, according to recently released minutes from the $868 million pension fund's June 28 board meeting.
The other finalist was Profit Investment Management.
Funding for the hire comes from the terminations of active domestic large-cap growth equity managers Monetary Management Group, which ran $40 million, and Buford, Dixon, Harper & Sparrow, which ran $20 million. The reasons for the terminations were not given.
The pension fund had hired TCW Asset Management to run $30 million in active domestic large-cap growth equities in May, which was also funded by the terminations.
A phone call to Andrew Clark, executive director, was not returned by press time.
