St Louis' City Employee's Retirement Plan has replaced Investment Counsellors and Paradigm Asset Management with Dresdner RCM and Wellington Management to run $50m (£35m) active US large cap equity mandates.
According to the $500m (£348m) fund's secretary William Duffe, Dresdner will run a $50m growth mandate. Wellington will run a $50m value brief for the fund. Previously, Investment Counsellors ran t...
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