The C$1.7 billion (U.S.$1.2 billion) City of Montreal pension fund hired consultant Brockhouse & Cooper to evaluate the fund's international equity portfolio, said Bertrand Goudreault, pension fund controller.
Fund staffers have recommended boosting the allocation to international equity to 30% from 20%, Mr. Goudreault said. Six city employee boards would have to approve any increase. In addition, Mr. Goudreault said Montreal's staff still would like to add managed futures to the portfolio, but some board members are not as enthusiastic, and are still studying and considering the possibility.
