Miller Brewing Co., Milwaukee, is searching for an investment consultant to help develop an initial investment program for its pension fund, said Robert McCann, Miller director-corporate finance. The fund has assets in excess of $100 million, but Mr. McCann declined to give a more precise amount, saying the assets are being transferred from Philip Morris Cos., Millers former parent. Miller has 6,500 employees.
Under Millers new parent, SABMiller PLC, London, Miller will oversee its own pension assets, he said. Mr. McCann said Miller expects the bulk of the assets to be transferred by the end of the first quarter.
The consultant will help develop investment policy, asset allocation and money manager hirings. Mr. McCann doesnt have a timeframe for making a decision.