Minnesota State Board of Investment, St. Paul, allocated an additional...

Minnesota State Board of Investment, St. Paul, allocated an additional $300 million to $400 million to Cohen Klingenstein & Marks, a large-cap domestic equity manager, said Howard Bicker, CIO for the $35 billion fund. Cohen Klingenstein previously managed about $200 million for the board, Mr. Bicker said, and was promoted from Minnesota’s emerging domestic equity program to the regular domestic equity program. Funding came from American Express Asset Management, which was terminated for performance reasons. American Express officials did not return phone calls by press time.