Fresno (Calif.) City Retirement Systems will review its asset allocation with consultant Wilshire Associates at the plan's July 17 investment committee meeting, said Stan McDivitt, retirement administrator. The $1.5 billion system is considering changes in its domestic small-cap equities portfolio, currently managed by Duncan-Hurst, John McStay and Kennedy Asset Management, and might hike its alternative investment allocation to 5% from 3%, Mr. McDivitt said. The system's remaining policy allocation is 41% domestic equities; 16% international equities; 32% domestic fixed income; and 8% real estate.
Fresno (Calif.) City Retirement Systems will review its asset...
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