The $25 million Attleboro (Mass.) Municipal Contributory Retirement System picked Segal Advisors as its first consultant, said Richard V. Boucher, city treasurer and trustee. Segal's first task will be to conduct an asset allocation study for the system, Mr. Boucher said. The consultant will ``take a look (at the allocation) and see if they can come up with something that would do better. ''
The fund's current allocation is about 32% in government securities, 24% in corporate bonds, 42% in equities and 2% in cash equivalents.