Portfolio Management Consultants Inc., Denver, added two new managers and gave additional mandates to existing managers, subject to contract negotiations.
For its almost $1 billion wrap account and asset allocation program, the firm added Dreman for small-cap value and Boston Co. Asset Management for large-cap value.
In its private account business for clients with at least $1 million, it has given Roxbury an additional mandate of running a small-cap growth portfolio. The firm already managed a mid- to large-cap growth portfolio.
Weiss, Peck & Greer, which already manages state-specific municipal bond portfolios, will also run quantitative tax-efficient large equity portfolios, with only 25 holdings and very low turnover.