Illinois State Universities Retirement System, Champaign, placed T. Rowe Price and Profit Investment Management on watch for performance, according to Daniel L. Allen, chief investment officer of SURS.
T. Rowe Price manages $303 million in active global equities benchmarked to the MSCI All-Country World index.
Profit manages $74 million in active U.S. small-cap growth equities, benchmarked to the Russell 2000 Growth index.
In addition, SURS, which oversees $14.9 billion in defined benefit and $1.2 billion in 401(a) assets, removed from its watchlist TCW Group, which manages $407 million in core-plus fixed income, for resolving organizational issues; and Martin Currie, which manages $179 million in active non-U.S. equities, benchmarked to the MSCI ACWI-ex-U.S., and Holland Capital Management, which managed $78 million in U.S. midcap growth equities, benchmarked to the Russell Midcap Growth index, both for resolving performance issues.
Bill Benintende, T. Rowe Price spokesman, said company officials don't comment about clients.
Eugene A. Profit, chairman, CEO and chief investment officer of Profit Investment Management, couldn't be reached for comment.
Callan Associates, SURS' investment consultant, assisted.