St. Charles (Ill.) Policemens & Firemens Pension Funds may hire external managers to handle all of the firefighters plans $14 million in assets, said Craig Hanson, president of Firemens Pension Fund. Oppenheimer, the only external manager, currently manages $600,000 in equities for the plan and is the primary purchasing agent for fixed-income investments, he said. All fixed-income investments, totaling $13 million, are managed internally, along with the remaining assets, which are in equities, he said. Plan officials will decide by the end of the year whether to hire one staff member to manage all assets or hire an external manager to run the assets; Oppenheimer is a top external contender, he said. Plan officials cannot devote enough time to improving returns, he said. The plans asset allocation is 71% fixed income, 21% cash and 8% equities. Plan officials are not using a consultant.