Montana Board of Investments, Helena, hired Western Asset Management, Goldman Sachs Asset Management, Enhanced Investment Technologies and T. Rowe Price to manage $125 million each as part of a new enhanced domestic equity index allocation, pending contract negotiations, said Carroll South, executive director. Funding will come from reducing the $7 billion board's internally managed $1.6 billion domestic equity allocation. The new allocation was made for diversification.
An RFP was issued in March, with consultant R.V. Kuhns assisting.