The United Auto Workers pension fund, Detroit, hired Dean Witter Investment Consulting Services as consultant for its $500 million-plus fund, and Institutional Shareholder Services to vote shares on the fund's behalf, said Gary Jones, administrative assistant to Ron Wyse, UAW secretary/treasurer.
The UAW pension fund previously used Marco Consulting for consulting and proxy voting.
Factory Mutual Engineering, Norwood, Mass., hired Putnam to run $10 million in a small-cap growth portfolio for its $130 million defined benefit plan.
Assets came from cash flow. No consultant was used.