New York City Teachers gave Brundage, Story and Rose a new allocation...

New York City Teachers gave Brundage, Story and Rose a new allocation of $12 million to run a synthetic GIC in the managed bond portfolio, said Diane R.S. Sisenwein, director of administration for the $771 million Variable B Annuity Fund. Brundage was already managing $144 million in different strategies for the annuity fund, and could get additional allocations, depending on when more cash becomes available, Ms. Sisenwein said. The $12 million allocation is being funded from cash.