International Brotherhood of Electrical Workers, Local 292...

International Brotherhood of Electrical Workers, Local 292, Minneapolis, hired Conseco as a domestic core fixed-income manager for the union’s $103 million pension fund and $166 million annuity fund. In aggregate, the firm will manage $60 million that had been managed by Galliard Capital in an intermediate bond portfolio. Trustees decided to change styles and Galliard did not have a corresponding portfolio to offer, said George Appleby, senior vice president of Independent Fiduciary Services, the fund’s consultant.