City of Clearwater (Fla.) Pension Plan is reviewing preliminary recommendations from Kalson & Associates to add REIT, small-cap growth equity and emerging markets equity allocations, all of which would be new to the plan, said Steve Moskun, cash and investments manager. Kalson recommended allocating 10% to REITs, and 5% to each of the other two new asset classes; it will present final results of the study at a meeting March 14. The $502 million plan hired the consultant in the fourth quarter for a one-time study.
Mr. Moskun said changes are roughly a year down the road because plan officials would need voter approval for the new allocations. A question could go on the ballot in November, he said. General consultant Callan Associates would assist with the potential searches.