Brockton (Mass.) Contributory Retirement System, with $190 million in assets, will interview seven money managers on June 29 for a $22 million small-cap to midcap domestic growth equities portfolio, said Harold P. Hanna Jr., executive director.
Funding would come from a $10 million domestic small-cap growth portfolio managed by Deutsche Asset and a $12 million domestic midcap growth portfolio run by Zak Capital.
Small-cap growth equity frequently outgrows its classification, Mr. Hanna said, so the system wants to have one manager handling both asset classes to prevent style drift. It all depends on who you speak to on where small-cap ends and midcap begins, he said.