Minneapolis Police Relief Association hired Wasatch Advisors to manage $15 million in active domestic small-cap growth equities for its $350 million pension plan, said Phillip Kapler, executive director. Wasatch will be given a little flexibility to invest internationally, he said. Fidelity, which managed the $15 million in active domestic small-cap core equities, was terminated due to a change in strategy, Mr. Kapler said; Fidelity had outperformed its benchmark on a consistent basis.
Ennis Knupp advised.
