Fairfax County Police Officers Retirement System, Fairfax, Va., with about $468 million in assets, terminated WorldInvest and hired Capital Guardian to replace it as an MSCI-EAFE international stock manager, running slightly less than 9% of total assets, said Don McCorry, acting executive director. Mercer assisted. The fund was interested in managers with similar styles but those "that don't take as large bets,'' Mr. McCorry said in an earlier conversation.
Catherine Alsop, director of U.S. marketing for WorldInvest, was traveling, and could not be reached for comment.
State of Florida Deferred Compensation Plan, Tallahassee, hired Aetna as an investment provider for the $850 million plan. Aetna will bring the total of providers to nine. The others are Dreyfus, Fidelity, Great Western Bank, T. Rowe Price, VALIC, Nationwide Insurance, Great West Life and Security First. Specific investment options will be selected during contract negotiations.