Chicago Firemen's Annuity & Benefit Fund placed active domestic smidcap growth equity manager Jackson Square Partners on its watchlist.
The $886 million pension fund's board at its Sept. 21 meeting approved placing the manager on watch due to performance concerns as well as "MWDBE brokerage utilization," recently released meeting minutes show.
The pension fund did not provide a portfolio size. A spokeswoman for Jackson Square Partners could not be immediately reached for comment.
As of June 30, the pension fund's actual allocation to domestic equities was 35.2%; the target is 35%.
Investment consultant Callan assisted.
Lorna Scott, chief investment officer, could not be immediately reached for further information.