The $210 million defined benefit plan of LG&E Energy Corp., Louisville, Ky., is hiring international equity and domestic small-cap aggressive growth managers, said Richard Rutledge, financial analyst. The fund plans to pick two international managers. One would have an active EAFE mandate; the other would have an active EAFE mandate with an active emerging market component. The fund has tentatively narrowed the search to two candidates for each category. It hopes to make a decision in May. In all, the fund plans to allocate 10% of its assets to the two.
The fund tentatively selected a small-cap manager; Mr. Rutledge declined to release the name pending board approval.
Funding will come from reducing its large-cap growth and value equity allocations to about 45% from approximately 65%; all managers will be retained.
LCG Associates is assisting.