Montclair (N.J.) Art Museum hired BNY Asset Management to handle its...

Montclair (N.J.) Art Museum hired BNY Asset Management to handle its $10 million endowment fund. The funds will be invested in a domestic balanced account, said Joseph Serzan, BNY division head and director of sales. BNY replaces Miller Anderson & Sherrerd, which Museum Comptroller Diane Parisien said was terminated due to poor performance. Tracey Ivey from Miller Anderson did not return phone calls for comment by press time.