Elwyn (Pa.) Institute is considering a search for its first index fund...

Elwyn (Pa.) Institute is considering a search for its first index fund manager to diversify its $50 million defined benefit plan, and could make a final decision on whether to do a search at its Feb. 24 investment committee meeting, said G. David Lee, director of corporate finance. Portfolio style and funding source have not yet been determined. Evaluation Associates is assisting.