The $115 million Echlin Inc. pension fund, Branford, Conn., is considering a more aggressive equity position, said J. William Bowman, independent consultant to the fund. ``The committee is intent on eventually taking a more aggressive allocation with respect to equities'' and to more aggressive equities, he said. ``But at the present time, because of the committee's perception of the market, it hasn't been implemented.''
Specifically, he said the factors holding back implementation are a lack of new cash flow and the valuation level of the market. ``It also depends on what happens in other asset categories.''
The fund now has 60% in equities. ``I think it could up go another 10%, but that hasn't been formalized,'' Mr. Bowman said.