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City pension fund steadies in volatile market at 2000 meeting
New Castle City Council trustees report the pension fund totals 27.8 million with Morgan Stanley Dom domnick American Express and WRP Investments handling major shares. Returns for the quarter reach 2.2 percent 5.8 percent and 3.8 percent respectively while allocations remain 70 30 policy rich with pressure to rebalance. Trustees discuss risk patience and potential shifts including real estate trusts and cash management improvements. A special June 28 meeting may review insurance costs as the pension seeks stability.
MENTIONED IN THIS ARTICLE
New Castle Pension Fund
New Castle
Morgan Stanley Dean Witter
American Express Financial Advisors
WRP
U.S
David Domenick
Bullano
Mozeleski
Mark Elisco
Domenick
Gabriel
Council
Pension Fund
W. Thomas Andrews
Robert Bullano
Morgan Stanley
Andrews
Pension Board