Chicago Transit Authority Employees Retirement Plan terminated domestic small-cap core equity manager SouthernSun Asset Management, recently released board meeting minutes show.
The termination will help the pension fund progress toward its reduced equity target. The pension fund also needs proceeds from the termination to pay benefits, the minutes said.
Further information could not immediately be learned.
SouthernSun managed $31.3 million for the $1.9 billion pension fund as of June 30.
John Kallianis, the pension fund's executive director, did not return a telephone call seeking further information by press time.
