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.
A plan in the South will conduct a search to replace a domestic small-cap value equity manager and may receive replacement options as soon as its next meeting in May.