AGL Resources Inc., Atlanta, is searching for an active domestic small-cap value equity manager for its $235 million pension plan, said Thomas M. Atwood, director employee benefits. The amount of the portfolio has not been determined; funding likely will come from reducing several unidentified portfolios, he said. Plan officials decided on a more aggressive approach following an asset allocation study by consultant LCG Associates, he said. Further details were not available.
The plans asset allocation is 50% domestic equity, 20% fixed income, 15% international equity, 10% intermediate fixed income and 5% cash. LCG Associates is advising.