HIRINGS
Milwaukee County Employees' Retirement System, Milwaukee, hired Capital Guardian to run $20 million in emerging markets equities, said Jac Amerell, director of the $1.4 billion fund. Cap Guardian beat out the fund's existing international equity managers, Grantham Mayo Van Otterloo and Rowe Price-Fleming. The hiring is the fund's first move into emerging markets. Mercer assisted.
Carpenters Pension Fund of Illinois, Geneva, hired Lincoln Capital as a bond index manager. Lincoln will run about $80 million tied to the Lehman Aggregate index. Lincoln will split the $240 million bond portfolio with active bond managers Lazard Freres and IAI. Marco Consulting assisted the $806 million fund.
Bollinger Shipyards Inc., New Orleans, hired NYL Benefit Services as record keeper for its $10 billion 401(k) plan. A fund spokesman said no changes were made to the plan's six investment options.
The previous record keeper was Delaware Charter Trust. The spokesman said the switch was made to improve participant education and communications.
