Westland (Mich.) Police and Fire Retirement System hired Wellington Management to run $8 million in active domestic small-cap core equities.
The $150 million pension fund issued an RFP in April because it planned to split its $16 million active domestic smidcap equity portfolio into small-cap and midcap components. Loomis Sayles managed that portfolio. The firm was invited to bid for the new portfolios.
Dahab Associates assisted with the search.