West Virginia looking over asset allocation

The West Virginia Investment Management Board, Charleston, plans to review the asset allocation and manager lineup of the $6 billion in pension and workers compensation assets the board oversees, said H. Craig Slaughter, executive director. The investment staff at the board will also consider whether managers "are meeting our expectations," said Mr. Slaughter. Staff will present its recommendations to the board at its September meeting. The system's asset allocation is 40% domestic stocks, 40% fixed income and 20% international stocks.