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Colorado city’s pension fund conducting asset/liability study

Aurora Colorado

Aurora (Colo.) General Employees' Retirement Plan is conducting an asset/liability study, confirmed Thomas Connell, pension plan administrator.

It is expected that investment consultant Callan Associates will present the results at the September board meeting. The last study was conducted five years ago, Mr. Connell said in a telephone interview.

Mr. Connell is not anticipating major changes to the allocation of the $360 million pension fund. The board heard educational presentations on Thursday on master limited partnerships, emerging markets debt and opportunistic fixed income, but Mr. Connell said it is too early to say whether the board will want to add any of the asset classes.

The pension fund has an asset allocation of 28% each domestic equity and fixed income, 16% international equity, 9% each real estate and private equity, and 5% each in timber and Treasury inflation-protected securities.