Fulton County Employees Retirement System, Atlanta, will undertake a regularly scheduled asset allocation study, possibly resulting in an adjustment to the roughly $1 billion plan's asset allocation, said James W. Stephens, chairman of the board. Consultant Watson Wyatt will conduct the study, which should conclude in April or May. Mr. Stephens said it is premature to speculate about possible changes.
Separately, the board will likely issue an RFP for a new consultant later this year, Mr. Stephens said. The board had issued an RFP in 2004 but rejected all bids it received and reached an agreement with Watson Wyatt for a new 12-month contract late last year.