Massachusetts Port Authority Employees Retirement System, Boston, is looking for its first small-cap managers for its $175 million fund, said George O'Brien, treasurer. Hannah Group is assisting in its search for one small-cap growth and one small-cap value manager, to handle $7.5 million each. A short list is expected next month, and a decision by December. Wellington Management, now the fund's sole manager, isn't seeking to manage any of the small-cap money.
University of Washington, Seattle, hired Snyder Capital Management to run about $15 million in small- to midcap equities, said Susan Ball, associate treasurer. The endowment has $550 million in assets. Funding came from a manager no longer with the fund, whose identity wasn't available. Cambridge Associates assisted.