Grand Aerie Fraternal Order of Eagles Employees Pension Fund, Grove City, Ohio, is searching for a manager to run its $16 million plan, said Kimberly Timberlake, plan administrator. U.S. Bancorp Asset Management, the current investment manager, is being terminated for service and performance reasons, Ms. Timberlake said. No RFP was issued, but interested managers can e-mail Ms. Timberlake at [email protected] by April 18. Managers will make presentations to plan officials May 1, and a selection should be made by July 1.
Separately, plan officials hired Huntington Bank as custodian, replacing U.S. Bank, said Ms. Timberlake. Plan officials did not use a consultant.
Steve Dale, spokesman for U.S. Bancorp, did not return a call seeking comment by press time.