Albany International Corp., Albany, N.Y., reduced its equity allocation for its $100 million pension fund, said John Treanor, treasurer.
It changed its allocation to 75% equities and 25% fixed income from 80% equities and 20% fixed income. He cited as the reason ``the uncertainty regarding equities'' and the improved value bonds represent now. The fund made the changes without a consultant. No managers were dropped in the reallocation.
