Pennsylvania Municipal Retirement System, Harrisburg, hired Federated Investors to manage $141 million in an active large-cap domestic growth equity allocation for the $2 billion pension fund.
Dahab Associates, PMRS’ investment consultant, assisted with the search.
Funding will come from a large-cap growth equity index fund managed by State Street Global Advisors, said William E. Dahab, a principal and director of research at Dahab Associates.
The RFP was issued in September because the pension fund wanted to make the allocation active.
Mr. Dahab did not say who the other finalists were.
