The Los Angeles Water & Power Employees' Retirement Fund hired...

The Los Angeles Water & Power Employees' Retirement Fund hired NorthPointe Capital and Paradigm Capital to manage $50 million each in active domestic small-cap growth equities, said Sangeeta Bhatia, retirement plan manager for the $6 billion fund. The portfolio's previous manager, BNY Asset, was terminated in April because of personnel changes, she said. The selection follows an RFP issued in May. Pension Consulting Alliance assisted.