Virginia Retirement System, Richmond, hired three core domestic equity managers to manage between $100 million and $200 million apiece. They are Fiduciary Asset Management and Franklin Management, both of which will run large-cap portfolios; and Goldman Sachs Asset Management, which will run a small-cap portfolio, said Nancy C. Everett, chief investment officer. The system, with $35 billion in assets, also agreed to give Charterhouse Capital another $40.5 million to invest in CCP VI Auxiliary Fund. The system initially had invested $40.5 million in Charterhouses CCP VI buyout fund. Money for the investments will come from cash, Ms. Everett said.
Virginia Retirement System, Richmond, hired three core domestic equity...
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