Prince George's County Retirement System, Largo, Md., approved a new asset allocation recommended by its consultant, Fiduciary Investment Services.
As a result, the system, with $400 million in assets in the Police Pension Plan and $200 million in the Fire Service Pension Plan, added three new asset classes and new managers for those mandates, according to a source who did not wish to be identified.
The new asset classes are domestic small-cap stocks, international equities and global bonds.
Kathleen Colbert, retirement administrator, did not respond to several phone calls. The plan's consultants also declined to comment.