Business news in brief

0 Comments | Philadelphia Inquirer, The, August, 2006

IN THE REGION

SEI to manage $81 million pension plan

SEI Investments Co. said yesterday that it added an $81 million pension plan to its management portfolio. The Oaks financial-services firm said it would manage the assets for the St. Louis Graphic Arts Pension Plan and would be responsible for manager and portfolio selection for the fund. The company would not say how much the deal is worth to SEI. Its pension management business has 420 customers with $37 billion in assets, the company said. Shares of SEI closed at $51.34, down 53 cents.- Benjamin Y. Lowe

Met-Pro's profit declines, but sales increase

Met-Pro Corp., a Harleysville manufacturer of pollution-control and fluid-handling equipment, reported an 8 percent drop in quarterly net income...