State of Nevada Deferred Compensation Fund, Carson City, will add the Van Kampen Equity and Income, American Century Small Cap Value and ING VP Index Plus SmallCap Portfolio funds as investment options in its $270 million 457 plan, said Robert Easton, deferred compensation committee member. The funds replace the Hartford Advisers and Skyline Special Equities and ING VP Small Company Portfolio funds, which will be dropped for performance, he said. The terminated funds will be closed to new participants Nov. 1, and assets remaining in those funds will be rolled into the new funds Feb. 1.
Hartford and ING Investment are the plan's two bundled providers; Hartford offers 21 investment options and ING offers 20. Segal Advisors is assisting.
"The Hartford's relationship with the State of Nevada continues to be strong," said Thomasin Mullen, spokeswoman. Michele Brennan, Skyline Asset Management spokeswoman, could not comment by press time. She said Skyline has been managing the fund for 17 years and has been very consistent in its management. Phil Margolis, ING spokesman, did not return a call seeking comment by press time.
