Indiana State Teachers' Retirement Fund, Indianapolis, put TCW on watch for performance of its $70 million active domestic small-cap aggressive growth equity portfolio, said Robert D. Newland, CIO. "It's not the people or the process," Mr. Newland said. "It's just that the style is out of style." The $6 billion pension fund has no trigger point for acting on managers put on watch, Mr. Newland said. A TCW spokesman said officials of the firm declined to comment.