Kansas City (Mo.) Public School Retirement System hired Westfield Capital Management to run about $16 million in active domestic small-cap growth equities, said Christine Gierer, executive director.
The $700 million pension fund conducted an invitation-only search to replace Fred Alger Management, which ran a similar portfolio and was terminated for performance. Fred Alger spokeswoman Jeanne Sdroulas could not be immediately reached for comment.
Investment consultant Segal Rogerscasey assisted.