Baltimore City Employees Retirement System is reviewing its money managers and may consolidate its lineup, said Thomas P. Taneyhill, administrator. The $1.2 billion system has "too many managers, he said. Plan officials will discuss the issue over the next few months, beginning at the systems March 20 board meeting. The plan had 25 external managers as of June 2001, according to Money Market Directory.
Separately, the $13 million Baltimore City Elected Officials Retirement System will also review its portfolio. Mellon Capital manages the plans assets in a TAA portfolio, Mr. Taneyhill said.
Callan Associates is assisting with both reviews.