The $75.8 billion New York State and Local Retirement Systems, Albany, is considering a small hike in its allocation to passive small-cap and midcap domestic stocks, a spokeswoman said.
The move had been recommended in an asset allocation study by Mercer. The fund has just under half its assets in domestic stocks, of which 9% is in small- and midcap indexed stocks. The pension fund will decide whether to raise the allocation to 10% by the end of summer, the spokeswoman said.
