Police Retirement System of St. Louis is shelving a plan to look into...

Police Retirement System of St. Louis is shelving a plan to look into hedge funds and emerging markets until the $700 million system's five new trustees are up to speed on the asset classes, said Steve Olish, administrative director. "We've had a 50% turnover (since) October 2004" on the 10-member board, Mr. Olish said. The board of trustees will conduct its quarterly review of system investments at its Feb. 24 meeting. Consultant CRA RogersCasey is assisting.