Pennsylvania Municipal Retirement System, Harrisburg, rehired Copeland Capital Management to run about $50 million in active domestic smidcap core equities, said Timothy Reese, the pension fund's CEO, in an email.
The $2.9 billion pension fund issued an RFP earlier this year due to the upcoming expiration of Copeland Capital's contract.
The other finalists were Boston Trust Walden and EARNEST Partners, Mr. Reese said.
As of Sept. 30, the pension fund's actual allocation to domestic equities was 29.9%; the target is 32.5%.
Investment consultant Marquette Associates assisted.