Sacramento County (Calif.) Employees Retirement System may begin a search for a real estate manager and a fixed-income manager following completion of an asset allocation study, said Jeffrey States, CIO of the $2.8 billion fund.
The study is expected to be finished in December.
The fund continues to fall short of its 15% real estate and 23% fixed-income targets. Its other targets are 47% domestic equity and 15% international equity, Mr. States said.
William M. Mercer is conducting the study.