Nevada Public Employees’ Retirement System, Carson City, hired Banc One to manage $400 million in active domestic core fixed income, said Ken Lambert, assistant investment officer. The $13 billion pension plan funded the move by reducing two Lehman Aggregate index funds, one managed by State Street Research and the other by Payden & Rygel, by $200 million each, leaving each portfolio with $650 million.
Callan Associates advised.
