St. Louis Police Retirement System hired Wasatch Advisors to manage $35 million in active domestic small-cap growth equities, and The Boston Co. to manage up to $35 million in active international large-cap value equities, said Stephen Olish, executive secretary. Funding will come from reducing the $685 million system’s fixed-income allocation to 35% from 45% of total assets, he said.
The board wanted to improve performance, said Mr. Olish.
