Laborers, District Council, Baltimore & Vicinity, Baltimore, hired...

Laborers, District Council, Baltimore & Vicinity, Baltimore, hired INVESCO as its first enhanced index fund manager to diversify the $59 million fund and hired Morgan Grenfell to replace a current domestic fixed-income manager that has performed poorly, said Dale Troll, administrator. Funding for INVESCO will come from terminating a core large-cap U.S. equity manager for performance reasons; portfolio size is undetermined, Mr. Troll said. An increase to a large-cap value U.S. equity portfolio run by Sanford C. Bernstein will also come from the terminated portfolio. Funding should be completed by July. Mr. Troll declined to name the terminated managers. Bolton, Offutt & Donovan assisted.