SEARCHES & HIRINGS
Sony Music Entertainment, New York, hired Northern Trust as a record keeper for its 401(k) plan and is looking to add funds to its lineup of Vanguard, Bankers Trust and Fidelity mutual funds. New funds should be chosen in late January for the $227 million plan, said Mary Moriarty, director of retirement plans.
Northern replaces Dreyfus, which was a finalist in the in-house search
City of San Jose, Calif., decided to retain ICMA and Aetna as service providers for its $230 million deferred compensation plan. Both firms will manage investment options and provide record keeping and administration.
The fund offers 30 options. Officials are now comparing the plan's current options and some new funds under consideration with established performance standards. A final decision on how many - and what type of - options to offer will be made by the end of January. The search was completed internally.
Enos Throop Jr. was appointed director of investments for the United Mine Workers of America Health & Retirement Funds. He replaces Charles S. Stephens, who retired earlier this year.
Mr. Throop was senior investment adviser at the UMWA Health & Retirement Funds.
Barbara Bigelow, director of fiscal affairs for Northampton County, Pa., probably will leave her post in January. Ms. Bigelow oversees the $155 million Easton-based employees' retirement fund. She cites a change in the county's administration, scheduled to take place at the beginning of the year, as the reason for her departure. She has not yet made public her future plans.
Her successor has not yet been named.
John Strauss will retire from Barrow, Hanley, Mewhinney & Strauss at the end of January. Mr. Strauss, who was one of four founders of the firm, will not be directly replaced, said co-founder Tim Hanley. During the past year, Mr. Strauss' accounts gradually have been transferred to other staff, Mr. Hanley said