Melrose (Mass.) Contributory Retirement System hired Dreyfus...

Melrose (Mass.) Contributory Retirement System hired Dreyfus Investment Advisors to manage 5% of its $43 million in assets in a core small-cap stock portfolio. Funding will come from reducing the accounts of one or all of the system’s three large-cap equity managers: Freedom Capital; Cutler; and Washington Mutual. Segal Advisors assisted.