Mpera Directions 2002 Jan

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Mpera Directions 2002 Jan
Montana. Public Employees' Retirement Board
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Also, the company guaranteeing your investment and setting the crediting rate, AEGON, has not changed. So those aspects of the deferred compensation plan re- main the same.
Investment Manager Changed: However, one noteworthy aspect of the stable value product did change as a result of the RFP process.
Investment port- folio managers State Street Re- search (SSR) and the Mon- tana Board of In- vestments (MBOI) were replaced by Pacific Investment Manage- ment Company (PIMCO). The MBOI and PIMCO p
...roposals to manage the entire portfolio were the chosen finalists from the twelve written proposals submit- ted. After oral presentations to the Board, on a combined oral and written score, PIMCO was awarded the contract. The key Unfortunately we are in a maricet environment that has led to declining inter- est rates, and the stable value fund has reflected that.
scoring criteria were net perform- ance (yield minus expenses), safety of the investment in terms of portfolio diversity, and organ- izational experience and stability.


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