El Paso (Texas) Firemen & Policemens Pension Fund, with $474 million, will start an asset allocation study next month, said Robert J. Stanton, pension administrator. He expects the study to conclude by September and said a change in managers was possible. The study will be conducted by Summit Strategies, which recently replaced Mercer Human Resources as the plans consultant. Mercer Human Resources was among the bidders, he said.
The funds asset allocation is 61% equity and 39% fixed income.
Separately, Mr. Stanton said a search for an active large-cap international equity manager, put on hold pending the consultant hire, will resume in August. No further details were available.