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 specific 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 a certain amount to devote to alternative investments, he said. New England Pension Consultants is assisting.