Colorado Public Employees Retirement Association, Denver, is increasing its fixed-income allocation, said Katie Kaufmanis, communications director at the $24.6 billion system.
Fixed income will be increased to 25% of total assets, from 12%. Funding will come from cutting the systems 5% cash allocation, and reducing alternatives to 8% from 12% and real estate to 7% from 11%, she said. Domestic equity will remain at 45%, international equity will stay at 14% and timber at 1%.
The change is the result of an asset-liability study conducted by Barclays Global Investments earlier this year, Ms. Kaufmanis said. Plan officials at the system boards Nov. 15 meeting will determine a timeline for executing the new asset allocation model, she said.