Laborers, Local 265, Cincinnati, is meeting April 9 to decide whether...

Laborers, Local 265, Cincinnati, is meeting April 9 to decide whether to replace two domestic equity managers for its $90 million defined benefit plan for performance reasons, said Harry Richardson, board trustee. The two equity managers under review are Gradison-McDonald Asset Management and Dean Investment Associates, running $60 million and $15 million, respectively. Both ran balanced account portfolios for the plan before being switched to domestic equity during the fourth quarter, Mr. Richardson said. Consultant Fund Evaluation Group recommended the switch. Robert Dean, president of Dean Investment, was unavailable for comment. Bill Lugers, spokesman for Gradison-McDonald said, "I will reserve comment until I speak with them (Laborers, Local 265).’’