St. Louis Police put Strong on probation

The St. Louis Police Retirement System placed Strong Capital on probation through Sept. 30, 2004, because of the market-timing investigation against the firm, said Stephen Olish, administrative director. Strong runs $94 million in active domestic large-cap growth equities for the $650 million system. "The important management changes and enhanced corporate governance measures being made at Strong should give all of our investors the confidence that they can maintain their investments with our professionals," Strong spokesman Drew Wineland said in a statement.