Oregon Public Employees picks core bond managers.(Fidelity Management Trust, Alliance and BlackRock)(Brief Article)(Statistical Data Included)

Pensions & Investments, April, 2001

SALEM, Ore. - The $42 billion Oregon Public Employees Retirement System hired Fidelity Management Trust, Alliance and BlackRock each to run $1 billion in core fixed income benchmarked to the Lehman Brothers Universal bond index. The fund is outsourcing its $10 billion fixed-income allocation as William Unverzagt, senior fixed-income investment officer, prepares to retire next year.

The system hired Wellington Management and Western Asset Management late last year to manage $1.5 billion each in the same fixed-income style. Mr. Unverzagt said the remaining $4 billion will be farmed out later this year, pending board approval in May.