New York City Employees Retirement System increased its allocation to...

New York City Employees Retirement System increased its allocation to FIS Funds, an emerging managers program, to $100 million from $25 million, said Nicole Lise, spokeswoman at the $35.2 billion system. Funding will come from reducing accounts of the four managers — Barclays Global Investors, Deutsche Asset Management, Mellon Capital and Merrill Lynch — that run the system’s Russell 3000 index fund, which had $15.9 billion in assets as of March 31.