HIRINGS
IMO INDUSTRIES, Princeton, N.J., hired SEI Asset Management as a manager of managers for its $175 million defined benefit SEI was choses to succeed Frank Russell Trust because of SEI's proximity to the company's headquarters, the change was not performance related, said Mike Derr, treasurer. The fund will use 25 managers and roughly the same 60/40 global equity-global bond mix with the addition of high-yield bond investments.
FLINT (MICH.) EMPLOYEES' Retirement Syste
