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. The funds current targets are 43.7% domestic stocks, 20% international equities, 30.3% domestic fixed income, 5% private equity, and 1% cash. As part of the study, the fund will consider whether to add new asset classes. 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.