Indiana Public Employees' Retirement Fund, Indianapolis, added a 9% global equity target to the $10.4 billion fund's strategic asset allocation, according to Patrick Lane, communications director. The new allocation also increases international equity to 11% from 10%, while reducing domestic equity to 45% from 53%. Also, fixed income was reduced to 30%, of which 20 percentage points are in core and the remainder in Treasury inflation-protected securities. The fixed-income target had been 32%, all in core. Alternatives remain at 5%.
Information wasn't available about the implications of the new allocations.