North Carolina Retirement System, Raleigh, hired Evergreen Investment...

North Carolina Retirement System, Raleigh, hired Evergreen Investment Management to manage a new S&P 400 fund, said C. Douglas Chappell, state deputy treasurer and spokesman for the $59 billion fund. He would not disclose the size of the mandate. Funding comes from a rebalancing of fixed income to equity assets, Mr. Chappell said. The portfolio will be managed by William Zieff, who leads Evergreen’s global structured products team.