Nevada Public Employees Retirement System, Carson City, has chosen finalists in its search for two Lehman aggregate index fund managers, which it plans to hire next month. They are Lincoln Capital, Mellon Capital, Prudential Investments and State Street Global. The $13 billion plan, which is entering the asset style to hedge its benchmark risk, initially will give each manager $200 million, which will be increased to between $500 million and $600 million each over the course of the next 12-18 months, said Laura Wallace, investment officer.
Nevada Public Employees' Retirement System , Carson City, has chosen...
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