South Carolina Retirement System , Columbia, may increase its equity...

South Carolina Retirement System, Columbia, may increase its equity exposure to 40%, the statutory limit, from 32%, said Mike Sponhour, spokesman. Mercer Investment Consulting recommended the move to the $21 billion board. The recommendation now goes before the South Carolina Budget and Control Board; if approved, it would take effect July 1. Funding would come from cutting exposure to fixed income.