Ohio Public Employees Deferred Compensation Program, Columbus, hired T. Rowe Price Group to run an active domestic large-cap growth equity separate account, said Keith Overly, executive director.
The $9.7 billion 457 plan issued an RFP in October due to the removal of the Janus Twenty Fund, managed by Janus Capital Group. The fund is being removed from the plan's investment lineup due to personnel changes, as well as performance. Janus spokesman John Groneman did not return a phone call seeking comment by press time.
Mr. Overly said the program hopes to make the T. Rowe Price fund available to participants by late summer. Participants in the Janus fund, which has about $275 million, will have an opportunity to move their assets, and those remaining by the termination date will be automatically mapped to the new T. Rowe Price fund.