St. Louis Employees’ Retirement System hired Granite Investment Partners to run about $5 million in active domestic small-cap core equities, said Richard Olliges, accounting officer.
The $780 million pension fund issued an RFP in April for an emerging manager to run an active domestic non-large-cap equity portfolio.
Other finalists were Clarkston Capital Partners, Matarin Capital Management and Missouri Valley Partners.
Funding comes from rebalancing; no managers will be terminated.
Investment consultant Summit Strategies Group assisted.
