The Kansas Public Employees Retirement System (KPERS) has terminated BlackRock from running a domestic alpha tilts strategy, Pensions & Investments reports. The asset manager was managing around $408 million in the strategy.
The retirement system has moved the assets in the strategy to a Mellon Capital large-cap index fund. New York-based BlackRock also runs $374.7 million in the BlackRock International Alpha Tilt fund and $663.1 million in the BlackRock TIPS index fund for KPERS.
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