Oak Park (Ill.) Firemen's Pension Fund hired Marquette Associates as consultant for its $38 million pension plan, said Gregory J. Peters, director of finance and treasurer. Marquette is the first consultant the plan has hired on a long-term basis, he said. Marquette in the next few weeks will begin asset allocation and asset-liability studies and review the plan's investment policy; it will be finished in December, he said.
The fund's current asset allocation is 65% fixed income and 35% equity.
