Indiana State Police Pension Fund, Indianapolis, with $245 million in assets, recently hired its first six outside money managers, said David Wilson, portfolio manager. The fund plans to make the names of the managers public in August when they begin managing the assets. Until now, the fund had been managed in-house using fixed-income securities.
A total of $70 million will be allocated to the indexed, international, small-cap value, small-cap growth and large-cap value equity portfolios. Oxford Financial Advisors assisted.