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