LaFarge Corp., Reston, Va., narrowed to three finalists a search for an active domestic fixed-income manager for its $400 million defined benefit plan, said Kevin Grant, treasurer. Finalists are Reams, Wellington and Met West. Funding for the $25 million allocation will come from terminating a passive domestic fixed-income portfolio managed by Barclays Global Investors. The funds consultant recommended moving all domestic fixed-income investments to active management, Mr. Grant said. PIMCO is the plans current active domestic fixed-income manager. Portfolio size was not available. A decision is expected by October.
LaFarge Corp., Reston, Va., narrowed to three finalists a search for...
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