Haverhill (Mass.) Retirement System has picked State Street Global Advisors, INVESCO and ABB Investment Management as finalists in its search for a small-cap growth manager. The selected manager will invest 7.4% of the fund's $110 million in total assets. The system also has picked Harbor Capital, Wall Street Associates and Zak to run 7.6% of total assets, or about $8.4 million, for midcap equities, said Dick Zaccaro, the H.C. Wainwright consultant who is assisting.
The system has not yet picked all the finalists in its search for a large-cap growth manager to run 6.7% of total assets. Money for the new managers will come from Alliance Capital, the system's only growth manager, which runs approximately $23 million.