Brookline (MASS.) Retirement Board, with approximately $130 million in assets, is conducting an asset allocation study and hopes to add two new asset classes that could lead to manager searches, said William Wolf, director, retirement.
The fund, which recently completed an asset-liability study, is contemplating adding domestic small-cap stocks and real estate as new asset classes, Mr. Wolf said.
The bulk of the fund's assets are in balanced portfolios, funds with Loomis, Sayles and State Street Research. The fund also has about $5 million in non-U.S. stocks with Guinness Flight.
Wilshire Associates will present a timetable for the study at a Sept. 16 meeting.