Brandeis University, Waltham, Mass. hired Capital Guardian and Silchester International Investors as MSCI-EAFE international equity managers for its $285 million endowment fund.
Each firm will handle $12.5 million. The funding for the new portfolios will come from new money and rebalancing.
New England Pension Consultants assisted in the search.
Unisource Worldwide, Berwyn, Pa., hired Bank of New York as master trustee and custodian for its defined benefit plans with assets of $120 million, said Sandy McCree, director of retirement plans.
The bank replaces CoreStates. CoreStates had been custodian for the plans during the transition period after Unisource was spun off from Alco Standard in January.
KLA-Tencor Instruments, San Jose, Calif., selected providers for a new $130 million 401(k) plan formed after the merger of KLA Instruments and Tencor Instruments. Wells Fargo will be custodian and an investment provider. Howard Johnson will provide record keeping.
The plan will contain two Wells Fargo Funds, seven American Funds, the Putnam New Opportunities Fund, the Seligman Communication and Information Fund and the State Street Aurora Fund, a microcap fund.
Both plans had used the American Funds; and Tencor used the PVG Long-Term Growth Fund, which will be dropped, and the Putnam New Opportunities Fund. KLA had a bundled plan through Capital Guardian, which provided record keeping and custody.
Wells Fargo was custodian for Tencor; Howard Johnson was record keeper. Merrill Lynch assisted.