Plumbers, Local 8, Kansas City, Mo., may search for a manager to...

Plumbers, Local 8, Kansas City, Mo., may search for a manager to replace American Express Asset Management, as a $6 million small-cap value manager for performance reasons, said Georgetta Smith, administrator for the $45 million defined benefit plan. If the current manager’s performance improves by the end of the year, she said, a search will not be necessary. Diane Vener, senior vice president for American Express, did not call back by press time. A decision is expected by January.