City of Austin (Texas) Employees' Retirement System is now reviewing...

City of Austin (Texas) Employees’ Retirement System is now reviewing the performance of its nine investment managers, following asset-liability and asset allocation studies. While no allocation moves resulted, some manager changes might be made, said Cathy Harrington, pension director. Although it is too early to tell which managers might be affected, Ms. Harrington said she expects trustees of the $1.1 billion fund to make final determinations by mid-November.