Chicago Laborers' Annuity & Benefit Fund at its board meeting on Tuesday hired Deutsche Bank as the pension fund's securities lending agent.
Information on which firm previously handled securities lending for the $1.4 billion pension fund could not be learned by press time.
The board also placed on watch emerging markets debt manager UBS Global Asset Management and Baillie Gifford, which runs an international equity portfolio, because of organizational issues.
Separately, investment consultant NEPC told the board the pension fund's year-to-date return as of Sept. 30 was 9.56%.
Maura Murrihy, executive director, did not return calls seeking further details.
