Kennametal Inc., Latrobe, Pa. hired Key Asset Management to run $50...

Kennametal Inc., Latrobe, Pa. hired Key Asset Management to run $50 million in active domestic large-cap value equities for the $450 million pension plan, said Jim Morrison, vice president and treasurer. Funding will come from rebalancing. The manager was chosen because of its performance and investment strategy, said Mr. Morrison.