Coral Gables (Fla.) Retirement System hired Northern Trust Global Investments to run $10 million in an S&P MidCap 400 index fund, confirmed Kimberly Groome, retirement system administrator.
The hire is the result of the $338 million pension fund moving out of managed futures, Ms. Groome said in a telephone interview. Managers 6800 Capital and Abbey Capital ran a total of $10 million.
Investment consultant The Bogdahn Group assisted.
