The $25 million Pratt Industries (USA) Inc. defined benefit plan, Conyers, Ga., hired Putnam Institutional Management as its sole manager, said Brett Stovern, treasurer. Putnam will invest the assets in a global asset allocation portfolio; it replaces another manager Mr. Stovern declined to name. Raymond James assisted in the search.
The $25 million Pratt Industries (USA) Inc. defined benefit plan...
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