Knight Ridder Inc., San Jose, Calif., hired John McStay and New Amsterdam to run active domestic midcap growth equity portfolios of equal size for the $1.6 billion pension fund.
The managers will split up to $54 million that had been run by Cadence Capital, which was terminated for performance, said Clark Weeks, Knight’s director-actuary. A spokesman for Cadence did not return calls for comment by press time.
Stratford Advisory Group assisted.
