Engelhard Corp., Iselin, N.J., hired two index managers for its $250 million pension fund, said Peter R. Rapin, assistant treasurer.
BZW Barclays Global Investors will manage a $15 million large-cap value equity index fund. State Street Global Advisors will manage a $25 million EAFE index fund.
Funding came from terminating a global hedge fund manager and an active EAFE-mandate manager; Mr. Rapin wouldn't name them.
Frank Russell assisted in the changes.
