Illinois State Universities Retirement System, Champaign, will conduct an asset-liability study of its $11.4 billion pension fund, its first since 1999. The study will look at expanding its investments in global equities, real estate and Treasury inflation-protection securities. The fund already has about 2% allocated to each. "We hope to find an asset allocation that works well with our liabilities," said John R. Krimmel, CIO.
The study could be completed by the board's January meeting, Mr. Krimmel said. Consultant Ennis Knupp and actuary Gabriel Roeder Smith will assist.