DTE Energy, Detroit, is looking to broaden its asset allocation by adding alternative investments to its $1.3 billion defined benefit plan. The company's board of trustees is listening to educational presentations from different firms, said Allen W. Anning, director of trust fund management.
The board is compiling a list of investments to include in an asset allocation study scheduled for late spring. The annual study will modify return expectations from each asset class and set aside an amount to devote to alternative investments. New England Pension Consultants is assisting.
