Memphis (Tenn.) Retirement System increased Chapman Capital Management’s allocation to active domestic small-cap to midcap growth equities by $10 million to a total of $110 million, said Joseph Lee III, finance director of the $1.8 billion retirement system.
Funding comes from the termination of Southern Capital Advisors’ $10 million in active domestic midcap growth equity portfolio. Southern Capital was terminated for performance, said Mr. Lee.
Elkan Scheidt, portfolio manager Southern Capital, did not return calls by press time.
