Novartis Corp., Summit, N.J., has invested $150 million from its defined-benefit plan in an actively managed international equity fund run by Bankers Trust Corp.

The New York-based banking company already manages assets for the pharmaceuticals manufacturer's pension plan that follows an index-based international equity strategy, a spokeswoman said. The new investment, announced by the bank on Monday, brings the assets under management in its BT Pyramid International Equity Fund, a commingled fund, to $800 million.

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