Les Schwab Tire Centers Inc., Prineville, Ore., is reviewing the performance of four managers, said Steven Bjorvik, manager of the $322 million profit-sharing retirement trust. He would not name the managers. An active domestic large-cap growth equity manager that runs $17 million is being reviewed because of performance, and the plans three active international equity managers, which handle a total of $30 million, are being looked at to determine if they are too growth-oriented, he said. The reviews should be finished by early May.
The plans asset allocation is 53% domestic equity, 10% international equity, 10% domestic fixed income, 12% real estate, 8% cash and 7% private equity. Brockhouse & Cooper and R.V. Kuhns are assisting.