Wisconsin Power & Light Co., Madison, is considering consolidating money managers for its $220 million pension fund, said Robert A. Rusch, assistant treasurer. The fund has 14 managers.
One reason: ``Saving on fees is a strong possibility'' if the fund cuts managers, Mr. Rusch said. ``With more money allocated to a manager we'd be able to take advantage of low fee schedules.'' In addition, he noted, ``Administratively it's quite cumbersome (to have so many managers). We'd like to pare it down.''
Yanni-Bilkey Investment Consulting is assisting in the study. Mr. Rusch expects a decision in the first quarter of 1997.