Warren (Mich.) Employees' Retirement Commission is considering a...

Warren (Mich.) Employees’ Retirement Commission is considering a search for its first international equity and small-cap U.S. equity managers as a result of a recent asset allocation study, said Christine Cassani, board chairwoman. The $140 million defined benefit plan’s new asset mix is 50% domestic equities, 10% international equities and 40% domestic fixed income. The previous mix was 60% domestic equities and 40% domestic fixed income. A decision is expected by November.