The South Carolina Budget and Control Board investment panel yesterday...

The South Carolina Budget and Control Board investment panel yesterday recommended terminating a $110 million active domestic small-cap growth equity portfolio run by MFS for the $21 billion South Carolina Retirement System, Columbia, and searching for a replacement, said Mike Sponhour, spokesman. The investment panel concluded that a change in the manager's style is not in line with its mandate. The board will consider the recommendation at a special meeting tomorrow. The money will be parked in a Russell 2000 growth index fund run by State Street Global, he said.