Brockton (Mass.) Contributory Retirement System, with about $140 million in assets, is completing an asset allocation study conducted by its new consultant, said William R. Farmer, a trustee. The system hired H.C. Wainwright & Co. late last year to replace Advest. Results of the study will be presented at the April 29 board meeting.
The system may add one or two managers in new asset classes as a result of the study, but does not ``envisage any managers being terminated,'' Mr. Farmer said.
The system currently has about 32% of its assets in domestic equities, 30% in domestic fixed income, 10% in real estate, 3% in venture capital and about 25% in international equities and bonds, Mr. Farmer said.
