Contra Costa Employees' Retirement Association, Concord, Calif., instructed its consultant, Dorn Helliesen & Cottle, to begin a review of its domestic equity assets. The study might recommend increasing the fund's indexing of domestic equity assets. The fund currently has 42% of total assets in domestic equity; 38% of domestic equity assets are indexed. The study is expected to be completed by year end.
The system also committed $25 million to Hearthstone Multi-State Home Building Investors Fund II. The money will come from cash, said Pat Wiegart, CEO. Dorn Helliesen & Cottle assisted the selection. The fund previously committed $15 million to Hearthstone Multi-State Home Building Investors Fund I.