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 narrowed the search to two unidentified candidates for each position. It hopes to make a decision in May. In all, the fund plans to allocate 10% of its assets to the two. The fund also selected a small-cap manager; Mr. Rutledge declined to release the name of the firm.
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.