Texas Comptroller of Public Accounts, Austin, hired 16 managers to...

Texas Comptroller of Public Accounts, Austin, hired 16 managers to help the state invest the initial $1.2 billion installment of a $15 billion settlement with the tobacco industry over the next 25 years. The managers are: Banc One Investment Advisors, Putnam Fiduciary Trust and Alliance Capital Management for international equities; Fountain Capital Management, high-yield fixed income; Davis Hamilton Jackson, Palladium Capital and Travelers Investment Management, large-cap core equities; Chicago Equity Partners, midcap core equities; MFS Institutional Advisors, midcap growth equities; Equinox Capital Management and John A. Levin, large-cap value equities; Enhanced Investment Technologies and Vaughn Nelson, large-cap growth equities; J.P. Morgan, small-cap core equities; Valenzuela Capital Partners, midcap value equities; and Techxas Ventures II, venture capital fund. Exact allocations to each manager were unavailable at press time.