Employees' Retirement System of Rhode Island, Providence, will start...

Employees’ Retirement System of Rhode Island, Providence, will start an asset allocation study this fall, said a spokeswoman for Treasurer Paul J. Tavares. The treasurer has been talking about consolidating managers from its current list of 25 firms, but it hasn’t done a formal asset allocation review in some time. A timetable has yet to be established. The current asset mix for the $6.7 billion fund is: 47% domestic equity; 16% international equity; 33% domestic fixed income; and 4% alternative investments.