Kansas City (Mo.) Public School Retirement System hired Martingale Asset to handle $34 million in active domestic small-cap value equities, said Cecelia M. Carter, executive director. The $618 million system terminated the portfolio's previous manager, Paradigm Asset Management, for performance, Ms. Carter said. Greg Pai, Paradigm vice president of marketing and sales, did not return a call by press time seeking comment.
Asset Consulting Group assisted.