Murphy Oil Corp., El Dorado, Ark., hired Credit Suisse Asset Management to manage a balanced portfolio for its $250 million defined benefit plan, replacing INVESCO, said Blair Rittiner, benefits analyst. He would not disclose the size of the portfolio. INVESCO was terminated for performance, Mr. Rittiner said.
Bill Hensel, director of media relations at INVESCO, did not return calls by press time.
