Cascade Natural Gas Corp., Seattle, expects to consolidate investment managers for its $43 million defined benefit plan to one from two by the end of the year, said J.D. Wessling, vice president and CFO.
The single manager will run both stocks and fixed income. Mr. Wessling said the fund’s current domestic fixed-income manager is Aeltus and its current domestic equity manager is Palley-Needelman. Portfolio styles and sizes were not available. Wurts & Associates is assisting.
