Seattle Deferred Compensation Plan added the American Century Midcap Value Fund to its investment options lineup, replacing the Sterling Capital Mid Value Fund.
The $1.3 billion 457 plan added the active domestic midcap value equity fund managed by American Century Investments to replace a similar fund managed by Sterling Capital Management effective Oct. 16, said Michelle Ell, deferred compensation manager, in an email.
The change was due to performance concerns with the Sterling fund, Ms. Ell confirmed. The American Century fund has about $14 million in assets in the plan, she said.
Officials at Sterling Capital could not be immediately reached for comment.
