Special Districts Association of Oregon, Salem, hired Victory Capital Management to run $11 million in active domestic large-cap core equities. The $20 million trust fund terminated passive domestic large-cap value equity managers First American Asset Management, which ran $7 million, and Wells Fargo Bank, which handled $4 million, said Greg Jenks, finance director.
A change in the board’s investment policy allowed it to invest in growth, Mr. Jenks said. Victory was selected because of the quality of service it provides.
