Exelon picks Segall Bryant & Hamill for small-cap value equity

Exelon Corp., Chicago, hired Segall Bryant & Hamill as a manager for its defined benefit plans, said Douglas Brown, senior vice president and chief investment officer, in an e-mail.

Mr. Brown declined to provide further information.

Segall Bryant & Hamill will manage a small-cap value equity strategy, said an official at the money manager in an e-mail. The official declined to provide further information, including the size of the allocation.

Exelon had $13.6 billion in defined benefit assets as of Dec. 31, according to the company's most recent 10-K filing, with an asset allocation of 37% fixed income, 35% equity, 28% alternatives.