Bristol (Conn.) General Retirement System is conducting an asset allocation study of its $324 million pension plan, said Mayra Sampson, pension coordinator. Consultant Merrill Lynch advised plan officials to conduct the study now, she said.
The study will be completed by Feb. 3, said John Beirne, senior vice president-investments for Merrill Lynch. Plan officials may add a new alternative asset class; funding amount and source have not been determined, he said. The current allocation is 60% equity and 40% fixed income.