Indiana Public Employees’ Retirement Fund, Indianapolis, plans to conduct asset-liability and asset allocation studies in the fall, said Patricia J. Gerrick, chief investment officer. Also, the $10 billion fund hired Milliman & Robertson to conduct an actuarial audit to begin the process, said E. William Butler, executive director.
"It could change the allocation,” said Ms. Gerrick. "It’s more predicated on a change in liabilities. The audit is designed to see if the liabilities we are using for our asset allocation are correct.”
Mercer Investment Counseling will assist in the asset allocation study.
