Spokane (Wash.) Employees' Retirement System hired MFS Investment Management to run about $16 million in active domestic large-cap growth equities.
The $301 million pension fund hired MFS to replace Jackson Square Partners, which the pension fund terminated for performance reasons, recently released board meeting minutes show. A Jackson Square spokeswoman could not be immediately reached for comment.
Investment consultant Hyas Group conducted the shortlist search and recommended the change at the pension fund's Aug. 28 board meeting.
As of March 31, the actual allocation to domestic equities was 29.3%.
Phillip Tencick, retirement director, could not be reached to provide further information.