International Brotherhood of Electrical Workers, Local 292, Minneapolis, hired Conseco as a domestic core fixed-income manager for the unions $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 funds consultant.
International Brotherhood of Electrical Workers, Local 292...
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