Kansas City (Mo.) Police Employees’ Retirement Systems hired Artisan Partners to run about $60 million in active global growth equities, confirmed James Pyle, pension systems manager.
A funding source has not been determined.
The retirement system’s two pension funds — the Police Retirement System of Kansas City, Mo. and Civilian Employees’ Retirement System of the Police Department of Kansas City, Mo. — have combined assets of $865 million.
Investment consultant R.V. Kuhns & Associates assisted.