United States Olympic Foundation, Colorado Springs, Colo., is undertaking a comprehensive review, said Thayer Tutt, investment committee chairman and board member. Newly hired consultant PRIME Asset Consulting is conducting the review, to be completed in early March. Six to eight managers could be changed as a result, he said. The asset allocation for the $210 million fund is 50% equity, 35% fixed income and 15% alternatives.
Previous consultant Merrill Lynch was terminated because foundation officials wanted an adviser that was independent of the brokerage industry, Mr. Tutt said.
