WHO'S NEWS
Scott C. Evans was named executive vice president and manager of CREF Investments, replacing Virgil Cumming, who left to pursue other interests. Mr. Evans had managed the CREF Growth Account; Jeff Seigel will take over from him. Mr. Evans will oversee 100 investment staff, managing $112 billion for 403(b) plans.
Farouki Majeed, CIO for the $1.5 billion Minneapolis Employees' Retirement Fund, accepted a similar position with the $3.6 billion Orange County Employees' Retirement System, Santa Ana, Calif., effective Oct. 6. The Orange County position is new. The search for his successor in Minneapolis is expected to start immediately.
