The Road Commission for Oakland County Retirement System, Beverly Hills, Mich., hired Merrill Lynch Consulting and Advisory Services/The Brice Group as consultant, said Dennis A. Lockhard, director of finance. Pension Portfolio Advisors had been consultant to the $110 million fund. Merrill Lynch will be working on the fund's investment policy, guidelines and objectives to reflect recent amendments to Michigan law.
Public School Retirement System of Missouri, Jefferson City, hired Sovran Capital Management and Wellington Management for core fixed-income portfolios. Each will handle $800 million. Boatmen's Trust, which handled the $1.6 billion portfolio, was dropped because of personnel turnover, said Mark A. Caplinger, CIO of the $12.5 billion fund. Strategic Investment Solutions assisted.
The Bush Foundation, St. Paul, Minn., hired Winslow Capital Management to run $80 million in large-cap growth equities for the $600 million fund, said Connie Thompson, CFO. Assets will come from a reallocation.
Boehringer Mannheim Corp., Indianapolis, hired Conseco Capital Management for a $7.7 million balanced portfolio for a deferred compensation plan, said David Jack, assistant treasurer. Other details were not available