New York State Deferred Compensation Plan , Albany, hired T. Rowe...

New York State Deferred Compensation Plan, Albany, hired T. Rowe Price to manage a $250 million finite-term synthetic GIC portfolio, according to Julian Regan, executive director of the $6.5 billion plan. T. Rowe Price already was managing $250 million in GICs for the plan. Funding came from $177 million in GICs managed by Credit Suisse Asset Management that matured on March 31; the remaining $73 million came from cash. Credit Suisse continues to run $120 million in GICs for the plan, Mr. Regan said; the hiring of T. Rowe Price "was not a comment on CSAM."