Road Commission for Oakland County Retirement System, Beverly Hills, Mich., hired Independent Portfolio Consultants as consultant and manager of managers for the $165 million defined benefit plan, said Dennis A. Lockhart, trustee and plan administrator.
Mr. Lockhart would not identify the plans previous consultant and money managers. According to Money Market Directory, Asset Strategies Portfolio Services provided consulting services and Invesco, C.S. McKee and Western Asset Management managed the plans assets as of June 2007.
Mr. Lockhart said IPC began the transition to the new funds on Oct.1.