Kansas City (Mo.) Public School Retirement System is finalizing contracts with its first private equity and domestic low-volatility index bond managers, said Cecelia M. Carter, executive director. Each will receive $17 million; she declined to identify the firms. Funding will come from rebalancing, she said. The changes follow a review of the $692 million plan's asset allocation, which is 64.5% equity (of which 2.5 percentage points is in private equity) and 35.5% fixed income. Asset Consulting Group is assisting.