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Article: Telephone and Data Systems overhauls equity portfolio.(Brief Article)
- Article from:
- Pensions & Investments
- Article date:
- May 29, 2000
CopyrightCOPYRIGHT 2000 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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MADISON, Wis. -- Telephone and Data Systems Inc. overhauled its $55 million domestic equity portfolio. The $110 million retirement plan hired Vanguard, Miller Anderson & Sherrerd and TCW to replace three of its four domestic equity managers -- Homestead, Yacktman and Franklin -- which handled about 90%of the portfolio and were terminated for performance, said Derek Racine, director-treasury operations. Acorn was retained.
Spokesmen from Homestead and Yacktman declined to comment. Franklin did not return calls seeking comment.
The fund also hired Wellington to ...