Oak Park (Mich.) Employees' Retirement System will interview three firms Oct. 27 in its shortlist search for an investment consultant to review the plan's asset allocation and sole manager, said Sharon Gadd, secretary. A selection is possible that day, Ms. Gadd said; she did not identify the firms. No date was set for completing the reviews. Burnham, Sullivan manages the plan's assets; the last asset allocation study was conducted in 1998, she said.
The current asset allocation is 55% equity, 45% fixed income. The plan has $72 million in assets, according to the Money Market Directory.