Fresno (Calif.) Retirement Systems is considering a slight shift to equities from fixed income, said Stanley L. McDivitt, retirement administrator.
The $1.6 billion pension plan will review an asset allocation study by Milliman USA at a June 20 meeting, which could lead to the move, he said. The plan’s current allocation is is 56% equities, 37% fixed income and 7% real estate.
Separately, the fund shifted Duncan-Hurst’s $60 million mandate to active domestic small-cap equities from midcap, Mr. McDivitt said.
