St. Louis City Employees' Retirement System hired active domestic...

St. Louis City Employees’ Retirement System hired active domestic large-cap equity managers Dresdner RCM Global Investors to run $50 million in growth and Wellington Management to run $50 million in value for its $500 million plan, said William Duffe, system secretary. Funding will come from terminating active domestic large-cap equity managers Investment Counselors, which managed $50 million in growth, and Paradigm, which ran $50 million in value. Mr. Duffe would not disclose the reason for the terminations.