ING North America Insurance Corp., Atlanta, named finalists in searches for managers to run a total of $45 million in each of three new allocations for its $900 pension plan. Winslow Capital Management and Loomis Sayles were named finalists to run an active domestic large-cap growth equity portfolio; Blackstone Alternative Asset Management, ING Alternative Asset Management and Ivy Asset Management to run a hedge fund of funds; and Goldman Sachs Asset Management and Pantheon Ventures for a private equity fund-of-funds manager, confirmed Darryl Harris, pension committee chairman. Plan officials have not determined the size of each portfolio. The funding source has also not been finalized, but Mr. Harris said it could come from cash. No managers will be terminated.
The company's pension committee plans to select one or more managers for each allocation at its Aug. 28 meeting. Watson Wyatt Investment Consulting assisted with the RFP, which was issued in May.