Texaco Ltd.'s 300 million ($500 million) pension fund, London, is awaiting an asset/liability study that is expected to modestly boost the fund's allocation to equities, said Mahesh Saklani, general manager, corporate finance and special projects. The study, expected to be completed late this month, is being performed by Wilshire Associates.
As of March 31, 1995, the latest data available, the fund had 53% in U.K. equities, 12% overseas equities, 9% U.K. fixed income, 5% overseas bonds, 11% index-linked gilts, 9% property unit trusts and 1% cash, according to Pension Funds and Their Advisors.
