The $16 billion pension fund terminated Guggenheim Investments as a domestic smidcap value equity manager. Guggenheim ran $224 million in domestic smidcap value equity for the pension fund as of Dec. 31, according to Pensions & Investments. 

The assets will be split evenly between Mellon Capital Management and BlackRock (BLK), whose domestic large-cap index strategies “better fit (KPERS’) overall asset allocation,” Mr. Conroy said.