Creve Coeur (Mo.) Employee Pension Plan selected Commerce Trust Co. and Fiduciary Advisors as investment managers, confirmed Dan Smith, city director of finance.
The $18 million pension fund issued an RFP in December.
Commerce Trust Co. previously managed all of the plan's assets and will now manage only the fixed-income portion of the plan, which has a target allocation of about 30%. Fiduciary Advisors will manage the equity portion of the plan, which has a target allocation of about 70%.