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Laughlin Group unit merges with UAM affiliate

The stable asset advisory and consulting unit of Laughlin Group of Companies of Beaverton, Ore. is merging with Dwight Asset Management of Burlington, Vt.

Dwight Asset Management, a unit of United Asset Management, manages stable value funds for defined benefit and defined contribution plans. Terms of the deal were not disclosed, but the acquired unit will remain in Oregon but move to nearby Portland. The Laughlin Group is a subsidiary of Allstate Life Insurance Co.