Teamsters Pension Trust of Philadelphia & Vicinity has allocated $494...

Teamsters Pension Trust of Philadelphia & Vicinity has allocated $494 million to SEI Investments, according to David Kirk, SEI spokesman. The $982 million pension trust will invest $370 million in the global investment program, 60% of which will be in equities and 40% in fixed income, both foreign and domestic; and will put $60 million in U.S. small-cap equities. The Teamsters’ health and welfare fund, which is managed under the umbrella of the pension trust, will invest $64 million, 25% in equities and 75% in fixed income, both foreign and domestic.