Boston City Retirement System is conducting an asset allocation study of its $3.5 billion pension fund, the first since the late 1990s, said Robert E. Tierney, executive director. The study should be completed in October. New England Pension Consultants is assisting.
The fund's current target allocations are: 41% domestic equity; 22% domestic fixed income; 15% international equity; 10% real estate; 5% international fixed income; 5% venture cap; and 2% cash equivalents, Mr. Tierney said.
