Searches and Hires

Memphis Light, Gas & Water chooses Chickasaw for MLPs

Memphis Light, Gas & Water Division, Memphis, Tenn., hired Chickasaw Capital Management to run a $15 million master limited partnership portfolio, said Tamara Nolen, spokeswoman, in an email.

The $1.5 billion pension fund began a shortlist search in January for its first MLP manager. Salient Capital Advisors was the other finalist.

The hiring is part of the pension fund's domestic equity portfolio, Ms. Nolen said. As of Dec. 31, the allocation to domestic equities was 39.4%.

Investment consultant Gavion assisted.