Plumbers & Steamfitters, Local 219, Akron, Ohio, hired Atalanta/Sosnoff Capital to run $6 million in active domestic large-cap growth equities, said John Wagner, trustee. The $29 million pension plan funded the move by reducing Oak Associates' active domestic small-cap growth equity portfolio to $3 million earlier in the year, Mr. Wagner said. Plan officials felt that Atalanta/Sosnoff's portfolio was more balanced and would perform better than Oak's, he said. Howard Monaghan of Hewes Communications, public relations firm for Oak, declined to comment.
D.A. Hudson & Associates is consultant.