Elgin (Ill.) Police & Fire Pension System is undertaking an asset allocation study of its $30 million fire pension plan, said Anthony Bialek, fire plan secretary. Marquette Associates, the plan’s new consultant, is conducting the study. The plan does not use external investment managers but may issue RFPs when the study is concluded in May, he said.
Its asset allocation is 55% equity and 45% fixed income.
