Central States Joint Board, AFL-CIO, Chicago, is conducting an asset allocation study of its $105 million Midwest Pension Trust Fund and its $44 million health and welfare fund, which could lead to a change in managers, said Jeffery Keating, plan manager. He said the study is being done because the fund switched to consultant Investment Performance Services from Marco Consulting Group this summer. Neither Mr. Keating nor a spokeswoman for Marco would comment on reasons for the change.
The trust’s current allocation is 20% equities and 80% fixed income, and Mr. Keating said the ratio of equity to fixed income will remain the same. The study will conclude at the end of the year. He would not name the plan’s current managers.
