New Orleans Employees' Retirement System is reviewing its cash and...

New Orleans Employees’ Retirement System is reviewing its cash and short-term fixed-income managers, said Jerry Davis, board chairman. Officials at the $330 million pension plan will pay special attention to the $12 million Quantum/Gabelli Short-Term Intermediate Bond Portfolio and the $22 million in cash managed by a partnership between Quantum Investments and Mario Gabelli because the board is concerned about the low rate of return on both products, considering the plan’s high liquidity needs, he said. Plan officials hope to reach a decision by the end of August.