University of Maine System, Bangor, hired New England Pension Consultants as consultant for its $84.2 million endowment and $61.2 million pension plan, said Michael Soucy, financial systems analyst for the university. Previous consultant Salomon Smith Barney was terminated after 10 years with the university; he said the school wanted a "fresh perspective.”
The university will conduct an asset allocation study of both plans within the next couple of months, Mr. Soucy said.
