Waltham (Mass.) Contributory Retirement System hired Piedra Capital to manage $12 million in active domestic midcap growth equities for the $115 million pension plan, said Joseph F. Juppe, executive director. Funding came from a $12 million active domestic small-cap to midcap growth equity portfolio managed by Essex Investment Management, which was terminated for performance, he said. Officials at Essex did not return calls seeking comment.
H.C. Wainwright assisted.