South Carolina Budget and Control Board today approved hiring...

South Carolina Budget and Control Board today approved hiring Nicholas-Applegate and Batterymarch as active domestic small-cap growth equity managers for the $24 billion South Carolina Retirement System, Columbia. Nicholas-Applegate will handle $90 million, and Batterymarch, $60 million, said Michael Sponhour, spokesman. Funding will come from reducing a $274 million State Street Global Advisors S&P 500 index fund. Mercer Investment Consulting assisted.