BEVERLY HILLS, CA The Hilton Hotels Corp. Retirement Plan has selected Rhumbline Advisors to manage $30 million in plan assets. Rhumbline, a Boston-based advisory firm, manages five billion dollars in assets for both government and private entities nationwide.
The money will be invested in Rhumbline s S&P 500 Index and S&P 400 Index Funds. “Indexing is a cost-effective investment management technique intended to earn investment returns commensurate with a segment of U.S. stock market performance,” said Bill Holland, Hilton s vp/workforce planning and analysis. The company currently has approximately $315 million in total assets in its retirement fund. (1/30/01)