Franciscan Missionaries of Our Lady Health System, Baton Rouge, La., hired Putnam to manage $40 million in active international large-cap core equities for its $200 million defined benefit plan. Funding comes from rebalancing, said Howard Harvill, senior vice president and CFO.
Changes were made because of a restructuring of assets pooled from Saint Francis Medical Center, Our Lady of the Lake Regional Medical Center and Our Lady of Lourdes Regional Medical Center, all of which are owned by FMOL Health Systems, he said.
