District of Columbia Retirement Board next month will begin an asset-liability study, said Sheila Morgan-Johnson, CIO. The board of the $1.9 billion system also will review its existing money managers to see if they offer multiple strategies in different asset classes.
Additionally, the board will look at new asset classes that could help meet the plan's 7.25% long-term actuarial rate of return. The board also will review whether the return assumption needs to be changed.
