Stratford (Conn.) Town Employees Pension Fund is conducting an asset allocation study that could lead to manager searches, said Dean Moore, director of finance for the $132 million plan. The study is being done internally, assisted by consultant E.F.I. Actuaries. The fund hopes to complete it by the end of July.
The plan also hired Dahab Associates to monitor performance and provide education on fiduciary responsibility and investment styles for the board; and Milliman U.S.A. to provide actuarial services. E.F.I. previously handled all those tasks, but the board decided to add more consultants so one firm wouldnt be doing everything, Mr. Moore said.