Chrysler Corp., Auburn Hills, Mich., added 17 mutual funds to its $3.5 billion defined contribution plan.
Added were Franklin Dynatech, Kemper-Dreman High Return, MFS Research A, Merrill Lynch Growth A, Morgan Stanley Gold, MAS Mid-Cap Growth, Morgan Stanley Real Estate, Oppenheimer Growth A, PBHG Emerging Growth, PBHG Growth, Putnam Vista, Putnam Voyager, Putnam Asset Allocation Funds (conservative, balanced, growth), Templeton Developing Markets and 20th Century Value.
The plan now has 40 funds.
St. Louis University endowment, St. Louis, committed $10 million to the Goldman Sachs Private Equity Fund. The $500 million endowment added the fund of funds after deciding to move to a 15% allocation in alternative investments over the next four years, said Jerry Woodham, treasurer.
The current allocation is 4%. Assets will come from cash and reductions to the fund's five domestic equity managers.
The Wellesley Group assisted.
CNF Transportation, Palo Alto, Calif., hired Strategic Investment Solutions as a retainer consultant for its defined benefit plan.
SIS will perform an asset allocation study, said Martin Eng, director of global treasury operations. The study could be finished in a couple of months, said Barry Dennis, the consultant assigned to the $300 million plan.
Carollo Engineers hired American Express Institutional Services as bundled service provider for its $17 million 401(k) plan. American Express will provide investments, daily record keeping, trust and communications for Carollo. Investments include five diversified funds.
Assets previously were managed internally, according to Allen C. Todd, partner, in the Santa Ana, Calif., office