Alltel Corp., Little Rock, Ark., hired Northern Trust to run $54 million in active international equities benchmarked to the EAFE index, replacing Julius Baer, which was terminated after the portfolios investment team left to join Northern Trust, said John Mueller, treasurer of the $1.2 billion master trust. Wilshire assisted.
In addition, Alltels $500 million thrift plan may add small-cap and international equity options by the end of the month. The plan has chosen an undisclosed list of candidates for each category, Mr. Mueller said. Currently, the plan has 15 options.