District of Columbia Retirement Board, with $2 billion in assets, is conducting an asset-liability study. BARRA Rogers
Casey, the investment consultant conducting the study, will submit recommendations by May. As part of the study, the fund will consider whether to add new asset classes.
Current targets are 43.7% domestic stocks, 20% international equities, 30.3% domestic fixed income, 5% private equity and 1% cash. The board last conducted such a study in 1998.
Separately, the board will consider whether to raise its interest rate assumption from 7.25% after consultant Milliman USA conducts an actuarial study. DCRB would need approval by the city council to make any change.