Kansas City (Mo.) Employees Retirement System, with $425 million in assets, will decide next month on how to begin a search to fill a new emerging markets allocation, said Pat Gerrick, executive officer.
The board also will decide on an approach in increasing its international equity allocation, she said.
Board members recently created a 5% allocation to emerging markets and increased the target EAFE-style equities allocation to 15% from 10%, Ms. Gerrick said. The allocations were increased at the expense of large-cap equities, which fell to 15% from 25%.
The board has yet to decide on the management style in the emerging markets mandate, although it will contain an active component, she said.
Separately, fund staff members are reviewing responses to a RFI for its consulting contract, currently with DeMarche Associates, she said.
