The Community Consolidated School District 59, Elk Grove Village, Ill., hired Kanne Paris & Hoban as the first outside investment adviser for its $20 million reserve fund, said Dennis Saviano, Elk Grove Township school treasurer.
Mr. Saviano said the district will adapt the manager's fixed-income active and passive styles, seeking to minimize risk and trying to outperform traditional fixed-income benchmarks. The district had been managing the fund internally.
