Denver Public School Employees' Pension & Benefit Association hired TT International to manage $100 million in international equity. Funding will come from the fund's U.S. bond portfolio, which will be reduced by 5% to total 25% of the $2.1 billion fund. The portfolio is managed internally. The search was completed in-house.
Taunton (Mass.) Contributory Retirement System hired Boston Millennia Partners as its first venture cap manager, and probably will allocate 3% of assets, said Paul J. Slivinski, executive secretary. Segal Advisors assisted. The system also picked Dahab Associates, New England Pension Consultants, H.C. Wainwright, and incumbent Segal as finalists in its search for an investment consultant, The system, with $85 million in assets, is conducting a routine search because Segal's contract expired in June 1997. The firm continues to be on a retainer.
Plum Creek Timber Co. LP, Seattle, added the Vanguard Index Trust Extended Market Portfolio Fund to its defined contribution plan. The Vanguard fund invests in growth equity stocks in the Wilshire 4500 index. The $95 million plan now has eight options. Arnerich, Massena & Stewart assisted.
Natick (Mass.) Contributory Retirement System hired H.C. Wainright & Co. as investment consultant. The firm replaces The Hannah Group, which was purchased by Advest. The board of the $55 million fund will meet with the new consultant on April 29