Baltimore Fire & Police Employees Retirement System is conducting an asset allocation study of the $1.7 billion pension plan, said Thomas P. Taneyhill, administrator. Summit Strategies, recently hired as investment consultant, is conducting the study, and Mr. Taneyhill said it should be completed in about six months. "They could suggest changes, and we will listen, Mr. Taneyhill said.
The systems current targets are 50% domestic equities, 15% international equities, 25% domestic fixed income and 10% real estate. Summit replaced Callan as consultant.