Searches and Hires

Kentucky public DC plans rehire Invesco as stable value manager

Kentucky Public Employees' Deferred Compensation Authority, Frankfort, rehired Invesco (IVZ) as stable value manager for its 457(b) and 401(k) plans, said William C. Biddle, executive director, in an email.

An RFP was issued in the summer due to Invesco's upcoming contract expiration in January.

The plans have more than $2.5 billion in assets combined and about $684 million invested in the stable value fund.