Marin County Employees Retirement Association, San Rafael, Calif., expects an asset-liability study to be completed by year end, said Norm Klein, retirement administrator. The $960 million funds new consultant, Callan Associates, is conducting the study. Callan replaces InvestorForce.
Mr. Klein said the board will resume consideration of active approaches for a $48 million passive EAFE and a $41 million passive domestic small-cap growth portfolio. Both are managed by BGI, which runs several other portfolios for the fund. Previous searches for active managers were delayed pending the hiring of a consultant.