SEARCHES & HIRINGS
Greyhound Transportation Corp., Calgary, Alberta, hired Laketon Investment Management for its C$160 million (U.S.$112 million) pension fund, said Geoff McCulloch, treasury manager. Laketon was assigned C$15 million for an active EAFE mandate. Funding came from a reallocation.
watson Wyatt assisted in the search.
Injured Workers Insurance Fund, Towson, Md., hired Alliance Capital to replace Chancellor as a large-cap growth equity manager. Alliance will manage $36 million. Chancellor was terminated in September for performance reasons, said Bob Merritt, CIO for the $850 million fund.
Wilshire Associates assisted. Chancellor officials could not be reached by press time.
Florida Progress Corp., St. Petersburg, added the Vanguard Extended Market Fund to its $415 million 401(k) plan, bringing the total investment options to 10. Vanguard is the plan's bundled provider.