Elmhurst Memorial Health Care, Elmhurst, Ill., hired Banc One Investment Advisors to manage $50 million in active domestic fixed income for its $260 million Capital Reserve Fund, said John Katsianis, director of finance at Elmhurst Memorial Hospital. Funding will come from reducing an active domestic fixed-income portfolio managed by Morgan Stanley, leaving it to run $50 million, he said.
Changes were made because the fund’s size has increased, and Banc One’s strategy complements that of Morgan Stanley, Mr. Katsianis said.
