Shell Austria A.G., Vienna, switched to a funded pension plan from a book-reserve system, picking three managers and a custodian to run its 2 billion schilling ($210 million) in assets.
Creditanstalt AG's asset management unit, Osterreichische Investmentgesellschaft, will manage the fund's Austrian stock and bond portfolios and overseas bond portfolio. Capital International and Schroder Investment Management will manage the fund's international equity allocation. The size of the portfolios was not disclosed.
Creditanstalt was named custodian; Chase Manhattan Bank is subcustodian, handling international securities.
The $1.2 billion Milwaukee County Employees' Retirement System funded a $5 million core equity assignment for Ariel Capital Management, said Jac Amerell, director. Also, NCM Capital Management was given $5 million to manage in a core fixed-income strategy, Mr. Amerell said. Both hires were part of Milwaukee County's policy of hiring minority firms, but no minority-owned firm searches are planned in the near future. William M. Mercer assisted