AFL-CIO Staff Retirement Plan, Washington, hired Payden & Rygel and Utendahl Capital Management to manage $25 million each in core bonds. Funding will come from reducing the allocation to the $200 million plan’s current bond manager, which Steve Rohrbaugh, the administrative manager, declined to name.
Mr. Rohrbaugh said the move was made to ‘‘split out the fund’’ to other managers.
