IBEW Local 102 , Parsippany, N.J., hired MFS Institutional Advisors to...

IBEW Local 102, Parsippany, N.J., hired MFS Institutional Advisors to manage $18 million in active domestic large-cap value equities, said Patrick DelleCava, business manager. The $200 million pension plan terminated Oppenheimer Capital, which ran the money in a similar style, for performance. Oppenheimer still manages $23 million in a fixed-income portfolio benchmarked to the Lehman Aggregate Bond index, Mr. DelleCava said. Brad Goldman, senior vice president at Oppenheimer, did not return calls seeking comment by press time.