Montana Board of Investment, Helena, is down to three finalists in its search for a European equity manager. They are: Morgan Stanley, Pyrford International and Paribas Asset Management. James P. Penner, CIO, said the amount to be placed in the European portfolio is undetermined. A final selection will be made at the board's July 27 meeting. No consultant is being used .
The Montana board has $4.3 billion in assets, of which 98% is managed in-house.