American Skandia Life Assurance Co., Shelton, Conn., hired Putnam...

American Skandia Life Assurance Co., Shelton, Conn., hired Putnam Investments to manage three investment options used in a number of its variable annuity programs: a $300 million international equity fund that had been run by Seligman/Henderson; a $260 million balanced fund from Phoenix; and a new large-cap value account that will be seeded with $150 million from various company sources, said Wade Dokken, executive vice president and chief marketing officer.