VIA Rail Canada Inc., Montreal, hired three managers for its defined benefit plan. Primus Capital will manage C$6 million in passive managed futures; Chesapeake Capital, C$6 million in an active managed futures contract; and Morgan Stanley, an active commodities portfolio of C$6 million.
The plan totals C$11.2 billion (U.S.$7.9 billion), of which C$25 million (U.S.$17.5 million) will now be in managed futures.
Ash Grove Cement Co., Overland Park, Kan., hired Systematic Financial for its $130 million pension fund, said James Sunderland, chairman. The firm will be assigned $20 million to run in value equities. Funding will come from an equity portfolio managed in-house, which will retain about $10 million.
The Dallas County deferred compensation plan, Dallas, retained incumbent service provider PEBSCO and added Great West Life to provide additional investment options and investment education, said County Treasurer Bill Melton. The $37 million fund picked Great West to provide between 10 and 12 investment options in addition to PEBSCO's current 10 choices.
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