MAYWOOD, Ill. - Aetna Plywood Inc. hired DiMeo Schneider as consultant for its $14 million 401(k) and profit-sharing plan, said Scott Halden, controller. DiMeo replaces Stratford Advisory Group.
Separately, the plan added the Harbor Capital Appreciation, Berger Midcap Value and Artisan Midcap Value funds as investment options, and eliminated the Alliance Premier Growth and Janus Aggressive Growth funds, he said.
Alaska State Pension
JUNEAU, Alaska - Alaska State Pension Investment Board, with $11.1 billion in assets, hired Independent Fiduciary Services to conduct a fiduciary audit of its investment program, confirmed Betty Martin, comptroller.
American Institute of CPAs
JERSEY CITY, N.J. - The American Institute of Certified Public Accountants replaced the Vanguard Wellington Balanced Fund with the Vanguard Wellington Admiral Shares Fund in its $48 million 401(k) plan, said Christopher Miller, benefits manager.
AURORA, Colo. - The $190 million Aurora City General Employees' Retirement Plan hired PIMCO to manage $20 million in active domestic core-plus fixed income, replacing Seneca Capital, said Thomas Connell, pension plan administrator. Callan advised.
SACRAMENTO, Calif. - The California State Teachers' Retirement System selected 11 investment options for its $62 million 403(b) plan, said Sherry Reser, public information officer. The new funds are: the Vanguard Institutional Index, Total Bond Index Institutional and Total Stock Index Institutional; State Street Research Aurora; Brown Capital Small Company Institutional; Prudential Jennison Equal Opportunity; Delaware Trend Institutional; Dodge & Cox Stock; Fidelity Growth; Artisan International; and Citi Institutional Liquid Reserves.
HARTFORD, Conn. - The $20 billion Connecticut Retirement Plans and Trust Funds committed up to $50 million to private equity fund SW Pelham II, pending contract negotiations, said Bernard Kavaler, system spokesman. Funding will come from cash.
District of Columbia 529
WASHINGTON - The District of Columbia hired Calvert Group as program manager for its 529 College Savings Program, which launches in the fall, according to a news release.
District of Columbia Retirement
Incumbent CRA RogersCasey was allowed to rebid.
FAIRFAX, Va. - Three Fairfax County pension funds, with approximately $3 billion in total assets, hired Mellon Global Securities Services as custodian to replace State Street Bank, whose contract was expiring, said Laurnz A. Swartz, executive director of the three funds. The three funds are: the County Employees' Retirement System; the County Police Officers Retirement System; and the County Uniformed Retirement System.
Fuji Photo Film USA
ELMSFORD, N.Y. - Fuji Photo Film USA Inc. added the Templeton Foreign Account and the Artisan Partners Midcap Growth funds as investment options in its $250 million 401(k) and money purchase plan, said Carl M. Gold, vice president of benefits. The plan dropped the INVESCO Dynamics fund. CIGNA is bundled provider; Mercer Investment Consulting advised.
Heritage Asset Management
ST. PETERSBURG, Fla. - Heritage Asset Management hired Julius Baer Investment Management to subadvise the Heritage Series Trust International Equity Fund. Baer replaces Martin Currie.
EMERYVILLE, Calif. - Industrial Employers & Distributors Association hired four equity and one fixed-income managers for its $130 million pension plan, said David McKenzie, administrator and trust secretary.
Equity managers hired are: Brandywine, $6 million in active domestic small-cap value; Mellon Capital, $32 million in an S&P 500 enhanced index fund; Dodge & Cox, $10 million in active domestic large-cap value; and Baird Equity, $10 million in active domestic large-cap growth equities.
Reams Asset was hired to manage $65 million in active domestic core fixed income. Alan Biller & Associates advised.
JACKSONVILLE BEACH, Fla. - The $50 million Jacksonville Beach Employees' Retirement System hired Sawgrass Asset Management to run $23 million in active domestic fixed income, replacing Eaton Vance, said Heidi Reagan, pension administrator.
Louisiana State Police
BATON ROUGE, La. - The $300 million Louisiana State Police Retirement System hired State Street Research to manage $15 million in active domestic small-cap value equities, replacing Denver Investment Advisors, said Irwin L. Felps, executive director.
MARLBOROUGH, Mass. - The $54 million Marlborough Retirement System hired Clarion Partners to manage $2 million in the Clarion Lion Partners Fund, a commingled real estate fund, said Margaret R. Shea, director. Meketa advised.
SIMI VALLEY, Calif. - Meggitt-USA Inc. hired Baird Advisors to manage $80 million in active domestic fixed income for its $110 million Whittaker Corp. pension plan, replacing Putnam, said Robert W. Soukup, vice president of administration and treasurer. Aon Investment Consulting advised.
Mercury Insurance Group
LOS ANGELES - Mercury Insurance Group hired CitiStreet as bundled provider of its combined 401(k), ESOP, profit-sharing and match plan, said Ellen Cosico, director of payroll and benefits. The $78 million plan previously used John Hancock for investments and BISYS as record keeper, administrator and trustee.
MISSISSIPPI STATE, Miss. - Mississippi State University committed $10 million to a hedge fund run by Lighthouse Partners for the university's new $20 million treasury pool and $6 million to a hedge fund run by Alternative Investment Strategies for its $80 million endowment, said David D. Easley, chief financial officer. Fund Evaluation Group advised.
New York Teachers
NYSTRS also hired active international equity managers Mercator, Harris Associates, Causeway Capital, Artisan Partners and Arnhold & S. Bleichroeder to run about $266 million each. Funding came from terminating active international managers American Express Asset Management and Putnam Institutional, which managed $500 million each, and Lazard Asset, which ran $330 million.
In addition, the system committed up to $50 million each to Charterhouse Capital Partners VII and HarbourVest Partners VII Mezzanine Fund. Funding will come from cash. The system also renewed its contract with Progress Investment to run $530 million.
Ohio Public Employees
COLUMBUS - The $50.8 billion Ohio Public Employees Retirement System hired Boston Co. to manage active emerging markets equities, said Farouki Majeed, deputy director of investments. Portfolio size has not been determined, but it likely will be close to $150 million, the size of a recently terminated active emerging markets equity portfolio managed by Deutsche Asset Management, he said. Ennis Knupp assisted.
Separately, the system hired State Street Bank & Trust as accountant for its new 401(a) plan. Callan assisted.
University of the Ozarks
CLARKSVILLE, Ark. - University of the Ozarks hired Dodge & Cox to handle $11 million in active domestic large-cap value equities for the $63 million endowment, said John D. Jones, provost and vice president for finance. Mercer advised.
Pennsylvania State Employees
HARRISBURG, Pa. - The $23.2 billion Pennsylvania State Employees' Retirement System approved a follow-on commitment of up to $35 million to Healthcare Ventures VII; new commitments of up to $50 million to J.P. Morgan Corporate Finance Institutional Investors II and up to $20 million to Quaker Bio Ventures; and an additional commitment of $2.5 million to Halpern Denny II, said Sean Sanderson, spokesman. Cambridge Associates was rehired as alternative investment consultant.
Rogers Group Inc.
NASHVILLE, Tenn. - Rogers Group Inc. hired New York Life Investment Management as custodian and manager of managers for its $15 million pension plan and custodian and manager of the $1 million in assets in its supplemental employee retirement plan, said Todd Creasy, director of compensation and benefits and retirement plans.
The defined benefit plan terminated consultant UBS PaineWebber. The supplemental employee plan terminated custodian and manager SunTrust Bank, he said.
CLEVELAND - Shiloh Industries Inc. hired Principal Financial Group as semibundled provider of its $60 million 401(k) plan and administrator of its defined benefit and cash balance plans, which total $15 million, said Stephen E. Graham, Shiloh chief financial officer. Principal also will manage about $3 million for the pension and cash balance plans, said Thomas Dugan, Shiloh treasurer. USI was administrator; Riggs Bank was trustee. Sagemark assisted.
PORT WASHINGTON, Wis. - Simplicity Manufacturing Inc. added the Dodge & Cox Stock Fund as an investment option for its $44 million 401(k) plan, said Barbara K. Maher, payroll manager. Dwight Analytics advised.
Tate & Lyle
DECATUR, Ill. - Tate & Lyle North America Inc. hired Diversified Investment Advisors as manager of managers for its $350 million pension plan, said Michael Womeldorff, human resources specialist.
It terminated consultant DeMarche Associates, administrator Stewart C. Miller Co., actuary Towers Perrin and trustee Northern Trust, and seven unidentified investment managers.
Willis Corroon of Illinois advised.
SCHENECTADY, N.Y. - Union College hired State Street Global Advisors to manage $10.4 million in the Russell 1000 Growth Fund for its $260 million endowment, said MaryBeth Kabalian, director of financial reporting and analysis. The money was moved from the MFS Midcap Growth Fund.
Cambridge Associates advised.
LIONVILLE, Pa. - West Pharmaceutical Services hired Vanguard Group as bundled provider of its $48 million 401(k) plan, replacing American Express Retirement Services, said Donna M. Fuga, benefits manager.
CHARLESTON, W.Va. - The $5.3 billion West Virginia Investment Management Board hired Mellon Bond Associates to run $350 million in an enhanced cash pool, said H. Craig Slaughter, executive director. Mellon replaces Bank One. Summit Strategies assisted.