Dallas Police & Fire Pension Fund consolidated its two index funds, run by two firms, with a new manager, said Larry D. Eddington, chairman of the $1.5 billion pension fund. State Street Global will run $225 million in an S&P 500 index fund and $125 million in an EAFE index fund. The money had been run, respectively, by ANB Investment Management and Barclays Global, which were dropped.
The change results in lower fees, said Mr. Eddington. Wilshire Associates assisted.
Health Care Authority of Lauderdale County, Florence, Ala., hired Aeltus Investment Management to invest $15.25 million in a series of enhanced equity index and Treasury securities pooled portfolios. The $30 million pension fund will keep Aetna Retirement Services, which managed the entire plan, mainly in bonds, said Carl Bailey, CFO. Cathey, Wallace & Hall assisted.