Mazda North American Operation , Irvine, Calif., will invest $9...

Mazda North American Operation, Irvine, Calif., will invest $9 million in the PIMCO Total Return Institutional mutual fund for its $48 million pension plan, said Jan Futak, benefits manager. Funding will come from halving the amount allocated to an Allegiance Capital domestic fixed-income fund, to $9 million; the change is being made for diversification, she said. The plan’s asset allocation is 45% domestic equity, 45% fixed income and 10% international equity. Canterbury Consulting advised.