Stichting Bedrifjspensioenfonds voor de Metaalnijverheid is considering the creation of separate portfolios of euro-denominated bonds, U.S. bonds and emerging-market debt, said Roland van den Brink, manager, policy and information, at the 27 billion guilder ($13 billion) pension fund.
Rijswijk, Netherlands-based MPNA may hire external managers later this year and also might develop internal expertise, particularly in the eurobond market. Size of the allocations is undetermined.
At present, 56% of plan assets are invested in bonds; the strategic asset mix has four-fifths invested in Dutch and German bonds.
No major changes in the overall asset mix are envisioned.
Shelby County Retirement System, Memphis, Tenn., will adjust its portfolio after an asset allocation meeting in April, said David Pontius, manager of pension investments for the $637 million fund.
Mr. Pontius would not speculate on what the asset mix changes would be.
The fund has just finished reviewing its managers and officials are not certain what, if any, manager changes will be made after the asset allocation review.
The current asset mix is 60% U.S. stocks and 40% U.S. bonds.
Consulting Services Group is assisting the county fund.
Eat'N Park Restaurants, Pittsburgh, might add a mini-cap or small-cap investment option to its $25 million 401(k) plan, said David Wohleber, executive vice president-finance and administration.
The plan could make a decision on whether to add it sometime this summer. He said the plan would likely favor Federated Investors, which now provides the plan's six investment options.
