Annapolis (Md.) Police & Fire Retirement Fund hired Edgar Lomax to manage $5 million in large-cap equities. The $97 million plan will fund the assignment fr om Lazard Freres' $37.9 million large-cap equity portfolio. Fund officials hired Edgar Lomax to provide more diversification, said Kathleen Sulick, finance director. Yanni-Bilkey assisted.
Workplace Health, Safety and Compensation Commission of New Brunswick, Saint John, hired Hansberger Capital Global Investors for its C$585 million (U.S. $420 million) insurance fund, said Warren H. Gerow, manager-treasury and investments. It will assign C$20 million to the firm for emerging markets stocks. Funding will come from Morgan Stanley, which ran an emerging markets portfolio and was dropped.