Chicago Laborers' Annuity & Benefit Fund terminated Zacks Investment Management for performance, according to recently released minutes of the $1.4 billion pension fund's Aug. 20 board meeting.
Zacks managed $26 million in an active domestic all-cap equity portfolio, according to the pension fund's website.
Neither Maura J. Murrihy, the pension fund's executive director, nor officials at Zacks Investment Management could be reached by press time for further details.
