St. Louis Schools Selects BNY Mellon for $30M Large-cap Value Allocation

The St. Louis Public School Retirement System added a second large-cap value provider which will receive a $30M allocation.

According to recently published minutes from the pension’s October 21 board meeting, its board approved a $30M reallocation from the pension’s current large-cap value provider, Edgar Lomax, to Mellon US Large Cap Value Index, following recommendations from consultant Mariner and the investment committee during an October 10 committee meeting. The motion carried with six affirmative votes.

St. Louis Public School currently invests in the Mellon TIPS Index and Stock Index funds with commitments of approximately $25M and $4.5M respectively, per Dakota data. To date, the Missouri-based pension’s plan assets are valued at approximately $850M in total.

Written By: Dakota

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