Plumbers, Local 14, Lodi, N.J., is considering a search for an...

Plumbers, Local 14, Lodi, N.J., is considering a search for an additional large-cap value U.S. equity manager to diversify its $60 million defined benefit plan, said Charles Iversen, administrator. Portfolio size is undetermined. A decision is expected by July. Separately, RhumbLine was hired to replace Miller, Anderson & Sherrerd as a $10 million large-cap value U.S. equity manager for performance reasons, Mr. Iversen said. Joanna Vogel, spokeswoman for Miller, Anderson, declined to comment. Pension Fund Evaluation assisted.