Automatic Data Processing, Roseland, N.J., hired Janus Capital to manage a new $17.1 million international equity portfolio for its $748 million defined contribution plan.
Also, Mitchell Hutchins' $35 million S&P 500 index was increased to $90 million after assuming Bank of New York's S&P index fund allocation.
Annaliese Rush, manager of investments for ADP, said Bank of New York was not terminated for performance reasons, but rather because of escalating fees.
