Pacific Mutual Life Insurance Co., Newport Beach, Calif., selected...

Pacific Mutual Life Insurance Co., Newport Beach, Calif., selected subadvisers for two new portfolios of its Pacific Select fund variable annuity. For aggressive equities, it hired Columbus Circle Investors. For emerging markets, it hired Blairlogie Capital. Both firms are subsidiaries of PIMCO Advisors, in which Pacific Mutual owns a 42% stake