Lebanon County (Pa.) Retirement System is expected to begin searching for two to three additional managers following the completion of an asset allocation study, said Bob Mettley, county controller for the $62 million fund.
The current asset allocation mix is 60% domestic stocks and 40% domestic bonds, said Mr. Mettley. C.S. McKee & Co. currently is the fund's sole manager. The study is expected to be complete by April.