Cement Masons of Southern California Pension Trust Fund, El Monte...

Cement Masons of Southern California Pension Trust Fund, El Monte, hired Cutler to manage a total of $32 million in active domestic large-cap value equities for its $183 million pension plan and $49 million trustee-directed defined contribution plan. Cutler replaces Merrill Lynch, which handled $23 million for the defined benefit plan and $9 million for the defined contribution plan and was terminated for performance, said Eion Middaugh, consultant at Wurts & Associates. Officials at Merrill Lynch had no comment, said Tucker Hewes of Hewes Communications, which represents the firm.