Wayne County Employees' Retirement System, Detroit, hired Edgewood Management, Mar Vista Investment Partners and Winslow Capital Management to run a total of $80 million in active domestic large-cap growth equities.
The $1 billion pension fund's board approved the hirings at its Aug. 31 meeting, recently released meeting minutes show.
Edgewood, Mar Vista and Winslow Capital will run $60 million, $10 million and $10 million, respectively, for the pension fund.
A funding source was not provided in the minutes.
Investment consultant AndCo Consulting assisted.
Robert Grden, executive director; Henry Wilson, chairman of the board; and Cassandra McDonald, vice chairwoman of the board; did not respond to requests for further information.
