Ameren Corp., St. Louis, is conducting shortlist searches for managers to run up to a total of $650 million for the $1.4 billion plan, said Stephen Lux, assistant treasurer. Funding for a $200 million enhanced index portfolio will come from terminating Mellon Capital, which runs a Russell 1000 index fund, Mr. Lux said. Funding for a $300 million core-plus bond portfolio will come from a core bond mandate run by Deutsche Asset, leaving it with $100 million, which might be used to fund a TIPS portfolio. However, trustees are not sure this is the right time to invest in TIPS, he said. A $50 million international value equities portfolio will be funded from rebalancing, he said. Mellon and Deutsche can rebid.
The changes follow an asset-liability study. Hires are expected by the end of the third quarter. Summit Strategies is assisting.
Separately, trustees are discussing adding a new allocation to hedge funds, but details have not been determined, Mr. Lux said.
