Alaska State Pension Investment Board, Juneau, hired Eileen Byrne Associates as the fund's first real estate consultant. The firm will assist the $9 billion fund in hiring managers for its $720 million real estate allocation.
About $194 million has been placed with managers and it's likely an RFP for another manager could be approved at the board's June 26-27 meeting, said Matt Holbert, real estate investment officer.
Nebraska Employees Retirement System, Lincoln, hired Ameritas Life Insurance as record keeper for the new deferred compensation plan.
Ameritas already was record keeper for the $600 million state employees' and county employees' 401(a) plans.
Manager searches are under way; new managers should be in place July 1, said Anna Sullivan, spokesman.
Libby-Owens-Ford Co., Toledo, Ohio, added the Scudder Growth and Income Fund to its $310 million defined contribution plan. The Scudder fund will replace the INVESCO Industrial Income Fund, which was dropped because of performance, said Jeff Bowman, treasurer. INVESCO officials did not return calls seeking comment. Hewitt Associates assisted