Fresno (Calif.) City Retirement Systems will review its asset...

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.