City of St. Louis Employees Retirement System will consider adding alternative investments to help boost the $500 million pension fund's returns, according to Mary Lou Mullen, employee benefits manager. The system's board will discuss the matter with consultant Summit Strategies at the board's meeting Nov. 28. The fund currently allocates roughly 60% of assets to equities and 40% to fixed income. It's too early to discuss how much the fund might allocate to alternatives or what specific types of alternatives might be considered, Ms. Mullen said. Dan Holmes, managing director at Summit and the consultant working with the pension fund, did not return a call by press time.