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Article: Bricklayers plan hires fixed-income managers.(International Union of Bricklayers and Allied Craftworkers)(Brief Article)
- Article from:
- Pensions & Investments
- Article date:
- March 7, 2005
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON - International Union of Bricklayers and Allied Craftworkers hired Western Asset Management to run $180 million in core-plus fixed income and PIMCO to manage $50 million in active intermediate fixed income, said Jack Marco, chairman of Marco Consulting Group, the fund's independent fiduciary. The $1.2 billion pension fund terminated three fixed-income managers that had run the $230 million. Mr. Marco declined to name the firms but noted that the terminations were not performance-related.
The fund also hired international large-cap equity managers LSV Asset Management value ...