Ondeo Nalco Co., Naperville, Ill., hired Northern Trust to run its...

Ondeo Nalco Co., Naperville, Ill., hired Northern Trust to run its $250 million pension plan as a manager of managers, said Todd Hacker, treasurer. Plan officials outsourced manager hirings and performance monitoring to gain better expertise, he said. Northern Trust will begin searches for new managers within the next two months, but details have not been determined, he said. The plan’s asset allocation is 60% equity and 40% fixed income.