New Castle (Del.) County Employees Pension Program is undertaking an asset allocation study of the $270 million pension plan, said Patricia Lutz Dilenno, chief human resources officer. Newly hired consultant Balentine is conducting the study, which will be finished in the next few months, she said. The funds current allocation is 48% fixed income, 22% domestic large-cap equity, 16% domestic midcap equity and 14% international equity.
Balentine replaced EAI, which did not rebid, said Gayle M. Logan, pension and benefits manager.