Chase Manhattan Corp. has combined its U.S. equity management functions, transferring $10 billion of assets from New York to Houston, where the bulk of assets in that category are managed.

Chase's Houston asset management division now manages roughly $35 billion of U.S. equity assets and is headed by Henry J. Lartigue, the unit's chief investment officer, said a spokeswoman for the $356.87 billion-asset banking company.

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