Pawtucket (R.I.) Police and Firefighters' Fund hired SEB Asset...

Pawtucket (R.I.) Police and Firefighters’ Fund hired SEB Asset Management to manage a $7 million domestic intermediate long-duration fixed-income portfolio and Hutchens Investment Management to run a $3.5 million domestic core equity portfolio. Funding will come from existing managers as part of a move to further diversify assets, said Ron Wunschel, finance director. Separately, the $50 million fund is considering a search for a midcap equity manager, he said. The board should make a decision on the search within the next two months, he said.