Exelon Corp., Chicago, is restructuring the money manager lineup for its $3.8 billion Commonwealth Edison Co. pension plan and its $2.8 billion Peco Energy Co. pension plan, said Barry Mitchell, Exelon vice president and treasurer. "We are evaluating the optimal manager mix, the number of managers and where it makes sense to coordinate them, he said.
Exelon is considering combining the two plans, but Mr. Mitchell said either way, the company will coordinate the plans investments. "Whether we combine the plans will have no bearing on the investment management approach, he said. "Combination is really more of a human resources issues than a finance issue.
Hewitt is assisting in the review, he said, but "selection of managers is something we take care of ourselves.