The $530 million Sonoma County Employees' Retirement System, Santa Rosa, Calif., is
conducting a major asset allocation and liability study, said Robert L. Nissan, assistant
retirement administrator. SEI is assisting in the study, the first ever conducted by the
system using a consultant, he said. Mr. Nissan expects the study to be finished in May, when
it will be presented to the board.
The study will look at the entire plan, including investment allocations and managers,
review the investment policy and recommend changes. Among other areas, it will look at entering international investments. The fund, which has six managers, now has an allocation of 55% equities, 35% bonds, 7% TAA and 3% cash.