Technicolor Inc., North Hollywood, Calif., allocated an additional $27 million to CIGNA Investments, a domestic equity manager, after terminating MacKay-Shields as a large-cap value U.S. equity manager, said Robin Christensen, CFO. Portfolio style and size were not available. Ms. Christensen said the termination was the result of a current internal review of their $59 million in pension assets and performance was not an issue. The plans other manager, Capital Guardian, which runs $14 million in domestic fixed income, will be retained after completion of the review, although further changes are expected, she said. The review is expected to be completed by August.
Technicolor Inc., North Hollywood, Calif., allocated an additional $27...
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