MidAmerican Energy Co., Des Moines, Iowa, is expected to begin an asset allocation study for its $530 million defined benefit plan by year-end that could produce manager changes, said Tom C. Foster, finance director and investment administrator.
Mr. Foster said he does not expect any new asset classes to be added. "But then again, anything can happen with an asset study, he added. The current asset mix is 49% domestic equity, 16% international equity, 30% domestic fixed income and 5% real estate.
Hewitt will conduct the study.