Les Schwab Tire Centers Inc., Prineville, Ore., hired INTECH to manage $15 million in active domestic large-cap growth equities for its $310 million profit-sharing trust, replacing Bank of America, said Steven Bjorvik, trust manager. The previous manager was terminated for performance; Mary Waller, Bank of America spokeswoman, did not return calls seeking comment by press time.
The plan’s asset allocation is 55% equity, 30% fixed income and 15% real estate. Both Brockhouse & Cooper and R.V. Kuhns advised on the search.
