Plumbers & Pipefitters, Local 725, Opa Locka, Fla., hired Legg Mason...

Plumbers & Pipefitters, Local 725, Opa Locka, Fla., hired Legg Mason and Simms to each run a large-cap U.S. equity portfolio and Batterymarch to run a small-cap U.S. equity and a midcap U.S. equity portfolio, said Charles Hill, administrator. The hirings are to diversify the $80 million defined benefit plan, he said; portfolio styles and sizes were not available. Funding came from terminating ASB and ICC, both balanced account managers, running $17 million and $7 million, respectively. Performance was not an issue, Mr. Hill said.