SEARCHES & HIRINGS
Chicago Area Pattern Makers, La Grange Park, Ill., will place 5% of total assets in the Multi-Employer Property Trust, a pooled real estate equity fund.
Judith Kot, administrative manager, would not disclose the source of funding for the new portfolio, but did say the $126 million Taft-Hartley plan would not terminate any managers. Marco Consulting assisted.
The State of Illinois Employees Deferred Compensation Plan, Springfield, renewed its contract with T. Rowe Price for record-keeping services for the $1 billion plan. Don Templeman, division manager, said the fund received 26 responses to the RFP. T. Rowe Price was selected from among four finalists for the five-year contract. Mr. Templeman declined to disclose the other three finalists.
Annapolis (Md.) Police & Fire Retirement Fund hired Bankers Trust as its master trustee. Bankers replaces NationsBank, which is exiting the business.
Yanni-Bilkey assisted the $97 million fund.