Lexington (Mass.) Retirement System early next year will begin a comprehensive study, to be conducted by newly hired consultant Meketa Investment, said Marguerite Oliva, retirement administrator. It will take six months to a year to complete, and new investment manager hires are likely, but current managers probably wont be terminated, she said. The $71 million pension plans asset allocation is 65% equity, 30% fixed income and 5% cash.
Meketa is the plans first consultant, Ms. Oliva said.