Frank Russell hired three small-cap equity managers to expand...

Frank Russell hired three small-cap equity managers to expand capability within its manager-of-managers investment strategy: TimesSquare Capital Management, $730 million in growth equities benchmarked to the Russell 2500 Growth index; and Systematic Financial Management, $120 million, and David J. Greene, $150 million, both in value equities benchmarked to the Russell 2500 Value index. Funding comes from reducing allocations to the 13 other small-cap managers Russell already uses.