Lucent Technologies Inc., Murray Hill, N.J., added the Bankers Trust BT Institutional Equity Fund to its management and salaried 401(k) plans, with combined assets of $13 billion. The addition of the BT fund increases the number of investment choices to 13 at Lucent.
Pension Fund CIBA Specialty Chemical, Basel, Switzerland, hired Complementa Investment-Controlling AG to conduct an asset allocation study, said Wilhelm Inderbitzin, head of the pension fund.
The company was spun out of Novartis AG last year. Its 1.5 billion-plus Swiss franc ($1 billion) fund is managed by the Novartis treasury, but officials now plan to pursue their own strategy. The study will be done over the next two to three mo nths.