Genesco Inc. , Nashville, Tenn., hired Jennison & Associates to run...

Genesco Inc., Nashville, Tenn., hired Jennison & Associates to run $15 million in large-cap growth equities. The $98 million defined benefit plan made the shift as a result of a recently completed asset allocation study. Funding will come from rebalancing the plan’s large-cap core and large-cap value equity portfolios. Also as a result of the study, Genesco will give an additional $5 million to PIMCO, which then will manage $24 million in fixed-income for the plan. Funding will come from rebalancing the small-cap growth and international equity portfolios. LCG assisted.