Small-Cap

A foundation based in New England is creating a sustainable investment strategy before a top staff departs later this year.

The plan is conducting an “opportunistic search” for small-cap core managers to potentially handle up to $200 million.

Potential domestic small-cap core equity search would come in a decision to move away from a small-cap value manager.

Teton Advisors expanded its investment platform with the addition of a three-person small-cap equity portfolio management team and the assignment of longstanding account relationships, the firm announced.

The plan opted to temporarily move to an index fund while a domestic equity structure study is conducted after the firm’s existing manager recently announced significant organizational changes.

Plan is seeking a domestic small- or small- to mid-cap equity manager to fill a recent gap in its emerging manager program stemming from a graduation.