Sanpaolo IMI Group, Turin, Italy, hired Mellon Global Investments to manage a total of 397 million euros ($437 million) in seven passive mandates tracking U.S. and European indexes, said Jamie Brookes, Mellon spokesman. Mellon Equity Associates will manage the equity; Mellon Bond Associates will run the fixed income. Officials for the pension fund asked Mellon not to release the names of the specific indexes that will be tracked. Company officials could not be reached for comment by press time. Information about the funds asset size was not available.