Taunton (Mass.) Contributory Retirement System hired Daruma Asset to manage $4 million to $6 million in active domestic small-cap core equities for the $110 million pension plan, said Paul J. Slivinski, executive director. Funding came from terminating Columbia Asset, which ran $6 million in small-cap equities, Mr. Slivinski said. Columbias management style shifted from core to value, and the termination was not performance-related, he said.
Segal Advisors assisted.