Ryerson Tull Inc., Chicago, will search for a new active international core equity manager to replace a firm being terminated for performance, said Terence R. Rogers, vice president of finance and treasurer. Mr. Rogers declined to provide further details. According to the Money Market Directory, Putnam was the $315 million plan's international equity manager as of March 2003.
Separately, the company expects to make a $21.5 million voluntary contribution to its pension plan by Sept. 15, confirmed Mr. Rogers. Ryerson Tull made a $55 million voluntary contribution in September 2003 and no contribution in 2002; the plan was underfunded by $100 million as of Dec. 31, the latest figures available, he said.
