Deluxe Corp., Shoreview, Minn., hired Next Century Growth Investors and Duncan-Hurst Capital to jointly manage an active domestic small-cap growth equity portfolio for its profit-sharing, money purchase and 401(k) plans, which total $1.6 billion in assets, said Daniel T. Holupchinski, manager-retirement plan operations. The three participant-directed plans offer the same investment options.
Deluxe also hired Nicholas-Applegate to run an active international growth equity portfolio. PIMCO will run a separate core bond portfolio, using the same strategy it has used as part of a fund of funds that is another investment option offered by the plan. Deluxe will continue to offer the fund of funds, including the PIMCO portion.
With the additions, the three plans each will offer 11 investment options.