Ohio School Employees Retirement System, Columbus, hired Renaissance Investment Management and PENN Capital Management to run $35 million and $50 million, respectively, in active domestic small-cap growth equities. Funding came from slightly reducing several of the $8.7 billion plan's passive equity portfolios, said Julie Graham-Price, a fund spokeswoman.
Separately, fund officials terminated Weiss, Peck & Greer from a $100 million active core bond portfolio because of organizational changes at the firm. Ms. Graham-Price said the system was satisfied with the firm's performance. The assets were moved to incumbent bond manager Western Asset Management, which now runs about $450 million.