BP America Inc., Warrenville, Ill., added a combined $1.2 billion to existing index funds run by Northern Trust Global Investments, RhumbLine Advisers and State Street Global Advisors, said Marvin L. Damsma, director-trust investments. NTGI and RhumbLine will each manage an additional $378 million in S&P 500 index funds for the $7 billion plan; SSgA will run an added $324 million in an MSCI EAFE index fund; and Northern Trust will handle an additional $120 million in a Lehman Aggregate bond index fund. Total assets in the new funds could not be learned by press time. Funding came from pension contributions made by BP.
BP America Inc., Warrenville, Ill., added a combined $1.2 billion to...
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