Vermont Teachers' Retirement System hired Putnam to run $80 million in...

Vermont Teachers’ Retirement System hired Putnam to run $80 million in an active international core equity portfolio with a growth tilt for the $1.1 billion system, said James H. Douglas, treasurer. Funding came from an active international growth equities portfolio run by Zurich Scudder, which was terminated for performance, Mr. Douglas said. A spokeswoman for Zurich Scudder confirmed the termination but declined further comment.