The Denver Employees Retirement Plan named Copper Rock Capital, Essex Investment and NorthPoint Capital as finalists in its search for an active domestic small-cap growth equity manager, said Steven Hutt, executive director of the $1.9 billion fund. The size of the portfolio has not been determined. The selected firm will either support the system's two existing active domestic small-cap growth managers, Fiduciary Global Advisors and Neuberger Berman, or replace Fiduciary because of concerns about performance and staff turnover. Bill Weeks, Fiduciary spokesman, declined to comment. Fiduciary and Neuberger run $75 million each. The fund will conduct interviews with the finalists and possibly make a selection at a Jan. 19 board meeting, Mr. Hutt said.
Callan Associates is assisting.