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Wisconsin Deferred Compensation cutting American Beacon fund from lineup

Wisconsin Deferred Compensation cutting American Beacon fund from lineup Wisconsin Deferred Compensation cutting American Beacon fund from lineup Getty Images Wisconsin Deferred Compensation Program, Madison, will remove the American Beacon Bridgeway Large Cap Value Fund from its investment options lineup. The $5.9 billion 457 plan s board at its March 11 meeting approved terminating the fund managed by American Beacon Advisors and subadvised by Bridgeway Capital Management due to underperformance, said Shelly Schueller, director of the deferred compensation program, in an email. According to a memo from Ms. Schueller included with meeting materials, the fund had $19 million in assets in the plan as of Dec. 31. Record keeper Empower Retirement will conduct a shortlist search for a replacement and present its findings at the June 10 board meeting.

Wisconsin ETF picks new secretary

Wisconsin ETF picks new secretary John Voelker was named secretary of the Wisconsin Department of Employee Trust Funds, Madison. Currently deputy secretary, Mr. Voelker assumes his new role on April 5, said ETF spokesman Mark Lamkins. He will replace Bob Conlin, who is leaving the department in April to join his wife on the east coast after leading the organization since 2011. The Wisconsin Department of Employee Trust Funds oversees the administration of the $109.7 billion Wisconsin Retirement System and $5.9 billion Wisconsin Deferred Compensation Program. Related Articles

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