Chicago Metropolitan Water Reclamation District Retirement Fund removed Ariel Investments from its watchlist due to improved performance in its $75 million active domestic midcap value equity portfolio.
The $1.4 billion pension fund's board approved the removal of Ariel Investments from the watchlist at its Nov. 18 meeting, confirmed James E. Mohler, executive director.
The board had placed Ariel on watch earlier in 2020.
As of Sept. 30, the pension fund's actual allocation to domestic midcap equities was 9.3%; the target is 10%.
Investment consultant Marquette Associates assisted.
