Dayton (Ohio) Foundation hired Transamerica Investment Management to...

Dayton (Ohio) Foundation hired Transamerica Investment Management to run $9 million in active domestic fixed-income,benchmarked to the Lehman Brothers Aggregate Bond index, according to Joseph B. Baldasare, vice president development. Funding came from a balanced portfolio; Mr. Baldasare would not identify the previous manager. The board of the $245 million foundation decided to support local managers; Transamerica was selected because it has operations in the Dayton area, he said.