The Essex County Retirement Board, Salem, Mass., picked three emerging U.S. equity managers, said Cynthia Kendall, chief executive assistant. They are: Castle Rock Capital Management, $3 million in small-cap stocks: Hutchens Investment, $3 million in large-cap stocks; and Sector Capital Management, $1 million in a core S&P 500. Assets came from cash. Segal Advisors assisted.
The system had $113 million in assets.
