Wisconsin Deferred Compensation Program, Madison, is adding the American Beacon Bridgeway Large-Cap Value Fund to its investment options lineup, said Shelly Schueller, deferred compensation director, in an email.
The $4.7 billion 457 plan is adding the active domestic large-cap value equity fund managed by American Beacon Advisors and subadvised by Bridgeway Capital Management to complement existing domestic large-cap equity funds, Ms. Schueller said. The plan conducted a shortlist search earlier this year. J.P. Morgan Asset Management (JPM) and Vanguard Group were the other finalists.
The new fund will give the plan a total of 23 investment options.