The $69 million Local No. 265 of the Sheet Metal Workers Union, Carol...

The $69 million Local No. 265 of the Sheet Metal Workers Union, Carol Stream, Ill., hired Columbia Partners to manage $4 million in small-cap domestic stocks, said George Slater, business manager. The move resulted from an asset allocation study conducted last year by the Marco Consulting Group. Assets will come from equal reductions in allocations to two large-cap managers, Chicago Asset Management and IDS Advisory Group, Mr. Slater said.