Deere & Co., Moline, Ill., is reserving judgment on Strong and Alliance Capital, in light of investigations related to market timing or other allegations involving both managers, said Dennis R. Schwartz, vice president-pension fund and investments. The $6.1 billion pension plan earlier this year hired Strong for domestic equities and Alliance for international equities. Mr. Schwartz would not provide details about the portfolios.
Mr. Schwartz said company officials are in regular contact with the managers.
Separately, Adaptec Inc., Milpitas, Calif., will review Putnam, its bundled provider, on Nov. 18, said Steve Blackstone, director of compensation and benefits. Officials for the $75 million 401(k) plan are concerned that two plan options managed by Putnam might have been affected by the firm's alleged trading abuses, Mr. Blackstone said. Hewitt will assist. Putnam officials did not return a call for comment by press time.
The plan offers 16 investment options.