Crown Cork & Seal, Philadelphia, hired 11 managers as the result of an...

Crown Cork & Seal, Philadelphia, hired 11 managers as the result of an asset-liability study. The $1.2 billion defined benefit plan terminated all of its incumbent managers and added alternatives and concentrated growth as asset classes. James Harrington, director of corporate finance, declined to name terminated managers or comment on mandate sizes. Hired were: GE Investments and Church Capital, domestic large-cap value equity; Goldman Sachs, domestic large-cap growth equity; TCW, domestic large-cap growth and midcap growth equity; Ark, specialty growth equities; Turner, concentrated growth equity; Western and STW, long-duration bonds; Putnam, international equity and emerging markets; and Pathway and Hamilton Lane AIS, alternative investments.