South Carolina Retirement System, Columbia, is conducting an invitation-only search for an active domestic large-cap growth equities manager. The size of the portfolio has not yet been determined, said Michael Sponhour, spokesman. The $19 billion system had selected Dresdner RCM to manage the portfolio, but contract negotiations with the firm fell through. The system does not use RFPs and has no timetable for picking the new manager, said Mr. Sponhour. Funding will come from employer contributions and cash.
William M. Mercer is assisting.
