Montana 457 plan yanks TCW fund

Montana Public Employees Retirement Board, Helena, voted to drop the TCW Galileo Select Equity fund as an investment option in its $260 million 457 plan and move money participants had in the fund to the Fidelity Contrafund, one of its existing options, according to minutes of the board’s April 12 meeting, released last week. The board also voted to remove the Vanguard Equity Income fund from probation; no further information was available. Roxanne Minnehan, executive director, did not return calls asking for comment.