The Connecticut Retirement Plans & Trust Funds (CRPTF) has terminated BlackRock from managing a $778 million scientific active equity portfolio, Pensions & Investments reports. The Hartford-based retirement fund has transferred the assets to an S&P 500 index fund.
The Connecticut system also removed BlackRock’s core fixed-income mandate from the watchlist in March this year. The mandate was placed on the system’s watchlist in March 2010.
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