STOCKHOLM - AP4 hired Martin Currie, Capital International and APS Asset to manage a total of $557 million in active overseas equities, said Bjorn Linder, chief investment officer at the $15 billion plan. Martin Currie will run $397 million in active Japanese equities; Capital and APS will handle $80 million each in Asia ex-Japan equities, he said. Most of the plan's assets were passively managed.
SACRAMENTO, Calif. - CalPERS staff and consultant Wilshire Associates recommended that the $133 billion system invest $100 million in the Hermes European Focus Fund, a corporate governance fund investing in continental European companies. The California Public Employees' Retirement System also committed an initial $25 million in Tremblant Partners, a long-short fund investing in the consumer and retail sectors.
Colorado Fire & Police
ENGLEWOOD, Colo. - The Colorado Fire & Police Pension Association hired Mellon Trust as custodian of its $2.1 billion pension plan, said Ruth Ryerson, chief executive officer. Previous custodian State Street Bank was terminated because of fee increases, she said.
El Pomar Foundation
COLORADO SPRINGS, Colo. - The $436 million El Pomar Foundation hired Gardner Lewis to manage $20 million in active domestic large-cap growth equities, said Thayer Tutt, president and chief investment officer. Partial funding came from terminating Nicholas-Applegate, which ran $10 million in the same style, and the remainder came from cash, he said. Watershed advised.
Fairfax City Supplemental
FAIRFAX, Va. - The $80 million Fairfax City Supplemental Retirement Plan hired Wellington Management as a core-plus fixed-income manager to run $10 million, according to David Hodgkins, city finance director. The funding source has not been determined, he said. New England Pension Consultants assisted.
WILMINGTON, Del. - Friess Associates hired Northern Trust as custodian, fund accountant and short-term cash manager for its new Friess Small Cap Trust fund, said Peter Lambesis, vice president for Northern's Global Fund Services Practice.
Harbor Capital Advisors
Hartford Municipal Employees
HARTFORD, Conn. - The $950 million Hartford Municipal Employees' Retirement Fund committed $10 million each to secondary funds run by Lexington Partners and Landmark Partners, said Kathleen Palm, city treasurer. These are the plan's first forays into private equity, she said.
IBEW Pacific Coast
SAN FRANCISCO - The $210 million IBEW Pacific Coast Pension Plan hired Quest Investment to manage $40 million in active domestic large-cap growth equities, said William Wurts, president of consultant Wurts & Associates. Funding came from terminating Columbia Management, which ran $40 million in active domestic large-cap core equities, he said.
BATON ROUGE, La. - The $650 million Louisiana Firefighters' Retirement System hired AXA Rosenberg and DuPont Capital to run $25 million each in active domestic small-cap to midcap core equities, said Steven Stockstill, executive director. Funding comes from terminating American Express, which ran $50 million in active domestic large-cap core equities. Becker, Burke assisted.
ADDISON, Texas - Mary Kay Inc. hired The 401(k) Co. as record keeper and administrator for its $200 million 401(k)/profit-sharing plan, replacing CitiStreet, said Vaneeta Vempati, benefits manager.
NEENAH, Wis. - Menasha Corp. hired CIGNA Retirement & Investment Services to run its $125 million defined benefit plan and as bundled provider of its $155 million defined contribution plan, said Deanna Johnson, director of benefit strategy. ING U.S. Financial Services was the 401(k)'s previous bundled provider.
National Electrical Benefit
WASHINGTON - The National Electrical Benefit Fund hired Segal Advisors as its actuarial consultant, replaces Watson Wyatt, said Terry Moloznik, executive director of investments at the $9.6 billion fund.
New Castle County
NEW CASTLE, Del. - The New Castle County Employees' Pension Program hired Balentine as consultant for its $270 million pension plan, said Patricia Lutz Dilenno, chief human resources officer. Previous consultant EAI did not rebid.
New York City Fire Department
NEW YORK - The $5 billion New York City Fire Department Pension Fund committed $10 million to F.S. Equity, a middle-market buyout fund, said Nicole Lise, spokeswoman. Funding will come from the plan's U.S. equity allocation.
WESTLAKE, Ohio - Nordson Corp. hired New York Life Investment Management as bundled provider of its $115 million 401(k) plan, said Ray Cushing, treasurer. Previous bundled provider KeyCorp exited the bundled defined contribution business.
NORWALK, Conn. - Olin Corp. hired Northern Trust as custodian for its $1.14 billion in pension assets; Northern also will run $235 million in an S&P 500 index fund, said Larry Kromidas, assistant treasurer. Northern Trust replaces Deutsche Bank in both roles.
Pennsylvania State Employees
HARRISBURG, Pa. - The $20.4 billion Pennsylvania State Employees' Retirement System hired Artisan Partners to manage $350 million in international growth equities, said Sean Sanderson, spokesman. The fund also made a commitment of up to $51 million to Charterhouse Capital Partners VII and a follow-on commitment of up to $50 million to AG Capital Recovery Partners IV.
St. Louis Police
ST. LOUIS - The $734 million St. Louis Police Retirement System hired Strong Capital to run $80 million in active domestic large-cap growth equities. The money came from a similar account run by Putnam, which was terminated, said Stephen G. Olish, executive secretary. CRA RogersCasey assisted.
ALBUQUERQUE, N.M. - Sandia Corp. added small-cap funds from Dimensional Fund Advisors and Frank Russell as investment options in its $1.3 billion 401(k) plan and a $294 million 401(a) plan, said David C. Medina, savings plan administrator. The plans will drop an emerging growth fund managed by Credit Suisse.
San Diego Deferred Comp
SAN DIEGO - San Diego Deferred Compensation is adding the Oakmark Equity & Income Fund, Class I, and eliminating the AXP Mutual, Class Y, as investment options in its $465 million 401(k)/ 401(a) trust, said Valerie Van Deweghe, benefits manager. Milliman USA advised.
BOSTON - Sentinel Benefits Group hired Charles Schwab to provide the investment platform in the retirement programs, including defined contribution plans, Sentinel offers to plan sponsors. Schwab's investment options, including its self-directed brokerage account, will be incorporated into Sentinel's retirement plan design, administration and record-keeping services.
Summit Investment Partners
CINCINNATI - Summit Investment Partners hired Northern Trust Global Fund Services as global custodian of its Apex Series mutual funds and Pinnacle Series variable annuity and variable life portfolios. Northern also will provide foreign exchange, securities lending and cash management services.
Sunrise General Employees
SUNRISE, Fla. - Sunrise General Employees' Retirement Plan hired Kalson & Associates as consultant for its $63 million pension plan, said Carolyn Furlong, senior pension administrator with Benefits USA, which handles administrative functions for the plan. Previous consultant Merrill Lynch was terminated because plan officials did not want a consultant connected to a brokerage company, Ms. Furlong said.
WASHINGTON - Vantagepoint Funds hired Wellington Management and Southeastern Asset Management as subadvisers to Vantagepoint's Aggressive Opportunities Fund, said John Tobey, chief investment officer at parent ICMA Retirement. Previous subadvisers were MFS and TCW Investment Management.