St. Louis Employees’ Retirement System hired TWIN Capital Management and Mar Vista Investment Partners to run a total of $12.5 million in active domestic large-cap equities, said Richard Olliges, accounting officer.
TWIN Capital will run $7.5 million in core equities, while Mar Vista will run $5 million in growth equities for the $780 million pension fund.
The pension fund issued an RFP in August for emerging managers to run large-cap equity strategies. Other finalists were CT Mason Inc. and Quotient Investors.
Investment consultant Summit Strategies Group assisted.