Pennsylvania system hires small-cap growth manager

Pennsylvania Public School Employees' Retirement System, Harrisburg, hired Conestoga Capital Advisors to manage $15 million in active domestic small-cap growth equities, said Evelyn Tatkovski, a spokeswoman for the $43 billion pension fund. Funding comes from the plan's 1.5% allocation to the developmental fund program, which hires emerging Pennsylvania-based minority and women-owned money management firms.