ABA Retirement Funds, Chicago, hired Northern Trust to manage a new investment menu of funds, confirmed Brad Blewett, ABA spokesman. Northern Trust runs all of the existing investment options, except for index funds.
The new mutual fund options for participants in the $3.8 billion ABA Members Retirement Program, a collective trust, are Northern Trust’s Large Cap Equity, Small-Mid Cap Equity, Real Asset Return funds and three target risk funds: Moderate Risk Fund, Conservative Risk Fund and Aggressive Risk Fund, according to Mr. Blewett.
Ennis Knupp is the plan’s consultant.
