Boise Cascade Corp., Boise, Idaho, hired BlackRock to run $320 million in an active domestic core fixed-income portfolio benchmarked to the Lehman Brothers Aggregate bond index for its defined benefit and 401(k) plans, which have combined assets of $2.2 billion, said Wayne Rancourt, director of retirement funds. Funding comes from reducing an active domestic fixed-income portfolio run by a manager that Mr. Rancourt would not identify; that manager will run $130 million.
The changes were made to control risk, he said.
