Pensioenfonds Horeca & Catering, Zoetermeer, Netherlands, hired Acadian Asset Management to run 240 million euros ($322 million) in international equities and T. Rowe Price Global Investments to run 160 million euros in an enhanced U.S. equity index portfolio, effective April 1. The 1.8 billion euro scheme funded the hirings by terminating F&C Netherlands, which ran 400 million euros in global equities, for performance and diversification reasons, said Petra Blonk, the plan's senior manager-asset management. F&C Netherlands' global equity portfolio was part of a balanced mandate that the plan decided to break up in order to diversify and appoint specialist managers. F&C continues to manage fixed income and indirect property for the plan, Ms. Blonk said. Deborah James, F&C spokeswoman, said officials at the firm were not available for comment by press time.