IPSCO Inc., Regina, Saskatchewan, hired Putnam Investments to run an undisclosed amount in non-Canadian equities, said Ed Tiefenbach, senior vice president and CFO. This is the second international manager hired by the C$117 million (U.S.$80.7 million) master trust that oversees IPSCOs defined benefit plan. Funding came from the companys other international manager, which saw its mandate reduced, Mr. Tiefenbach said. He declined to name the other international fund manager. IPSCOs pension plan is now close to the 20% limit for international investing allowed by Canadian law, he said.