New York City Deferred Compensation Plan hired Citizens Advisers to...

New York City Deferred Compensation Plan hired Citizens Advisers to manage its $250 million socially responsible investment portfolio, said Lou Porpora, assistant director of the $3.8 billion plan. Citizens Advisers is replacing Neuberger Berman, said Mr. Porpora. He declined to discuss the reasons for the change until after the transfer of the assets, scheduled for November. Lawrence Zicklin, managing partner at Neuberger Berman, declined to comment, citing the quiet period the firm is in due to its expected IPO.