Steamfitters, Local 420, Philadelphia, will increase a $12 million...

Steamfitters, Local 420, Philadelphia, will increase a $12 million Turner Investments’ midcap growth U.S. equity portfolio by as much as $25 million in additional money after terminating Haven Capital Management as a midcap value manager for performance reasons, said William Sweeney, administrator for the $400 million defined benefit plan. While Mr. Sweeney would not give the portfolio size for Haven, he did say funding for the additional allocation will come from the termination. Denis Turko, managing director for Haven Capital, did not return phone calls by press time.