Chartered Township of Waterford (Mich.) General Employees Retirement System hired consultant Portfolio Analytics, replacing Merrill Lynch, said Nancy Smith, chairwoman. The $40 million plan will conduct an asset allocation study, to be completed in early 2001.
It also will begin interviewing finalists next week in its search for a custodian, also replacing Merrill Lynch.
The plan undertook the searches because it had not looked at other options since hiring Merrill Lynch in 1992.
