Ticker Talk

The Pacific Exchange, the No. 3 U.S. options exchange, have heeded a call by Securities and Exchange Commission Chairman Arthur Levitt 14 months ago to make at least half of its board public representatives. Members of the San Francisco-based exchange, which also operates in Los Angeles, voted 378 to 21 last week to require that 50% of its board be public, meaning not affiliated with a broker-dealer. Seven of the current 22 board seats are now reserved for public members, according to the exchange. . . . Thousand Oaks-based HomeStore.com Inc., which runs https://www.realtor.com and other Web sites with real estate listings and related content, filed for an initial public offering Tuesday to raise as much as $100 million. The company calls its group of Web sites “the leading real estate destination on the Internet.” . . . Wayne, Pa.-based Pilgrim Baxter & Associates Ltd., a money-management firm with $11 billion in assets, has removed James McCall as manager of four mutual funds after contesting his right to take a job at Merrill Lynch & Co. A group of fund managers led by Gary Pilgrim, chief investment officer at Pilgrim Baxter, replaced McCall on Friday as manager of the PBHG Large Cap Growth, PBHG Large Cap 20 and PBHG Select Equity funds. Jeff Wrona took over the PBHG Core Growth Fund.