X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

When Halliburton decided to separate its KBR unit and establish the construction and engineering business as a standalone company, it faced a daunting task: Culling out $8 billion from 16 retirement plans that were invested in common trusts. What made the split especially challenging was the fact that the $22.5 billion, Houston-based oilfield services giant eschews mutual funds, preferring separately managed accounts with more than 20 investment managers, explains Sharon Parkes, director of trust investments. “Companies that invest in mutual funds for 401(k)s can just tell the fund company what needs to be done, and have them do it,” Parkes notes.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.