SEARCHES & HIRINGS
Knight-Ridder Inc., Miami, hired Schroder International for emerging markets for its $750 million pension fund, said Clark Weeks, director/actuary.
Schroder will manage a $10 million portfolio.
Funding came from reducing a growth index fund managed by Barclays, which retains $150 million.
Stratford Advisory Group assisted in the change.
New Mexico State Investment Council, Santa Fe, hired Bankers Trust to manage an EAFE indexed portfolio. The portfolio has not yet been funded, but will total 5% of the endowment's $8.5 billion in assets, said Phil Archibeck, state investment officer.
Mr. Archibeck said that active international managers ``will be hired down the road.''
Bapist Health Care Corp., Pensacola, Fla., added Capital Guardian's Europacific Growth Fund as its first international equity portfolio for its defined benefit plan. Plan officials placed 10% of the $35 million fund in the strategy in a rebalancing of the fund's equity investments, said Rick Haushalter, vice president of finance.
Hewitt Associates assisted.
Anglican Church of Canada hired Letko Brosseau & Associates for its C$400 million (U.S.$285 million) pension fund, said Jer Homavazir, executive assistant. Letko will run C$100 million in Canadian equities. It replaced Altamira Management, which ran a similar portfolio. Towers Perrin assisted.
