Manning & Napier replacing Alliance Capital
Funding shortfall continues to widen
Measure based on earnings announcements
Smith's Ballie Gifford tapped
Strong dollar expected to play major role
Investment objectives to be narrowed to "global value"
Genua to lead U.S. equity team
Firm will manage equity component of fund
Drops Putnam from global equity fund
Picton Mahoney to manage growth portfolios of two funds