City of Tampa (Fla.) General Employees' Retirement Fund is considering its first investment in alternatives, said Paul Broughton, plan coordinator. Officials of the $500 million plan have not specified what kind of alternatives to pursue, the size of the allocation or a timetable for action. Funding would come from a general rebalancing, and manager terminations are unlikely. Plan officials are expected to discuss the matter at a Sept. 20 meeting, Mr. Broughton said. He said the fund would likely conduct shortlist searches rather than issue RFPs. Mercer Investment Consulting is assisting.