Acordis, Louisville, Ky., hired Prudential Investments as its consultant, initially doing an asset allocation study and conducting manager searches in the following actively managed asset classes: small-cap to midcap domestic value equity; international equity; large-cap growth domestic equity; large-cap domestic value equity; small-cap to midcap domestic growth equity; large-cap core equity; intermediate-term bonds; and total-return bonds. The searches, already under way, are by invitation only. The new asset mix and hirings are expected to be announced in October. The $45 million plan is administered by former parent company Akzo Nobel, said Rod Thomas, benefits director.
Acordis, Louisville, Ky., hired Prudential Investments as its...
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