The St. Joe Co ., Jacksonville, Fla., hired four managers for its $265...

The St. Joe Co., Jacksonville, Fla., hired four managers for its $265 million defined benefit plan as a result of an asset allocation study, said David Childers, assistant treasurer. Hired were: Bank of Ireland, $45 million, passive EAFE; T. Rowe Price, $23 million, midcap growth; PIMCO, $75 million, core domestic bond; and Wellington, $32 million, small-cap equity. Funding for the new mandates will come partly from reducing a $220 million large-cap value U.S. equity portfolio managed by Delaware Investment Advisors and partly from terminating NationsBank as an $11 million domestic equity manager. No further manager hirings are expected, said Mr. Childers.