Chicago Laborers' Annuity & Benefit Fund placed active domestic small-cap value equity manager Keeley Teton Advisors on watch for organizational changes and performance issues.
The $1 billion pension fund's board approved placing the manager on watch at its Aug. 18 meeting, recently released meeting minutes show.
A portfolio size could not be immediately learned. According to the pension fund's website, LABF originally hired Keeley Teton Advisors to manage $30 million in 1998.
Officials at Keeley Teton Advisors could not be immediately reached for comment.
Investment consultant Marquette Associates assisted.
Tina Consola, the pension fund's executive director, did not respond to requests for further information.