Maryland Teachers & State Employees Supplemental Retirement Plan, Baltimore, will conduct a biennial asset allocation study this summer and review investment options in the states deferred compensation and defined contribution plans, said Michael Halpin, deputy executive director of the $1.6 billion system. Newly hired consultants The Segal Co. and Segal Advisors will perform the study. They replace William M. Mercer, whose contract expired recently. Segal is expected to deliver its report in the fall.
The plan also hired Aetna as a stable-value manager for the states 457, 401(k) and 401(a) plans, said Mr. Halpin. The stable value option was managed internally.