University of Puget Sound, Tacoma, Wash., will commit $2 million of its endowment fund to the Kelso Investment Associates Fund VI, a leveraged buyout fund. The money will come from the $148 million fund's cash reserves. Frank Russell assisted.
Miami Systems Corp., Cincinnati, hired Fifth Third Bank as a provider for its 401(k) plan. The bank will be both investment adviser and administrator, said Samuel L. Peters, president of Miami Systems. The plan has 1,400 participants.
CORRECTION: Norfolk County Retirement System picked Morgan Grenfell to run $10 million in a small-cap growth stock portfolio. The firm's name was inadvertently omitted from the Feb. 12 P&I Daily