JUNEAU, Alaska — The state of Alaska hired Buck Consultants as the first actuary to the Alaska Retirement Management Board, Juneau. Buck will provide actuarial services to the four pension funds overseen by the management board, which was formed Oct. 1, according to a news release from Affiliated Computer Services, Buck's parent company. Board spokeswoman Judy Hall did not return a call for comment.
AUSTIN, Texas — The City of Austin Police Retirement System hired Snow Capital Management to run $15 million in active domestic all-cap equities, according to Sampson Jordan, administrator for the $348 million system. Snow Capital replaced Eubel Brady & Suttman Asset Management, which ran the same amount in an active domestic midcap value equity portfolio.
BELPER, England — Bowmer & Kirkland Ltd. hired Hymans Robertson to manage its £44 million ($76 million) pension plan, confirmed Dave Shannon, pensions manager at Bowmer & Kirkland. Hymans Robertson replaces Legal & General Direct, Mr. Shannon said; he declined to comment on the reasons.
CHESTER, England — Cheshire County Council Superannuation Fund hired four managers to run a total of £505 million ($888.9 million) in assets, said Nick Jones, senior accountant with the £2 billion plan. GMO will manage £215 million in active global equities, and Standard Life Investments, £225 million in active U.K. equities. Existing fund managers Baillie Gifford and Legal & General will split £65 million in active global fixed income; the amount each manager will run wasn't available. Funding came from a balanced portfolio run by Schroder Investment Management.
NEW YORK — Citigroup hired Conning Asset Management to run $8 billion in insurance assets belonging to several Citigroup subsidiaries, confirmed Sal Correnti, Conning's chief executive officer. Conning, which now manages $62 billion, will manage the insurance assets of Citigroup's Primerica Life Insurance, American Health & Life Insurance and CitiFinancial International.
Mark Supic, a spokesman for Citigroup, did not return calls for comment.
SYRACUSE, N.Y. — Crouse Hospital hired Diversified Investment Advisors as bundled provider for its new 401(k) plan, said John Bergemann, director of benefits. The hospital is converting non-union employees to the new plan, which Mr. Bergemann expects to reach $5 million after one year.
WASHINGTON — Federal Retirement Thrift Investment Board rehired Metropolitan Life Insurance as annuity provider for the $173 billion Federal Thrift Savings Plan.
MILTON KEYNES, England — Holophane Europe Ltd. hired Investment Solutions to manage its £10 million ($17 million) pension plan, confirmed Richard Dinham, senior investment manager at Investment Solutions. The firm replaces Deutsche Asset Management.
LOS ANGELES — Los Angeles City Employees' Retirement System allocated $5 million to Rustic Canyon/Fontis Partners Fund I. The $9.3 billion system funded the allocation from cash.
WEMBLEY, England — London Borough of Brent Pension Fund hired Mellon Capital Management to run a £159 million ($264 million) international currency overlay strategy, according to a news release from Mellon. The pension plan has about £350 million in total assets, according to Pension Funds and their Advisers. Martin Spriggs, head of investment and treasury management for Brent, could not be reached at press time for comment.
GOSHEN, Ind. — Mennonite Mutual Aid hired Davis Selected Advisors to manage the $315 million MMA Praxis Core Stock Fund, confirmed Chad Horning, equity investment manager at MMA. The fund had been managed internally.
JEFFERSON CITY, Mo. — The Missouri State Employees' Deferred Compensation Commission hired CitiStreet as third-party administrator for the state's $1.2 billion 457 plan, said Randy Taylor, senior vice president at CitiStreet. Missouri state Rep. Mark Bruns, who chairs the commission, did not return phone calls for comment. CitiStreet replaces Nationwide Retirement Solutions.
OKLAHOMA CITY — The $455 million Oklahoma City Employee Retirement System hired Pacific Alternative Asset Management to run $20 million in a low-volatility hedge fund of funds, confirmed Rena Hutton, retirement system manager. The firm replaces AIG. Asset Consulting Group assisted.
SAN JOSE, Calif. — The $1.6 billion San Jose Federated City Employees' Retirement System hired Northern Trust as global custodian and securities lending agent, confirmed John O'Connell, a Northern Trust spokesman.
LONDON — Savills Pension and Life Assurance Plan selected PIMCO to run £11 million ($19.4 million) in fixed income, according to a news release. The plan has £20 million in assets, according to Pension Funds and Their Advisers.
OLYMPIA, Wash. — The State of Washington Deferred Compensation Program added active domestic core stock funds from Barclays Global Investors and LSV Asset Management, replacing Fidelity's Independence and Equity Income funds, said Liz Mendizabal, spokeswoman for the $2 billion plan.