Holyoke (Mass.) Contributory Retirement System plans to add...

Holyoke (Mass.) Contributory Retirement System plans to add allocations to core growth and high-alpha international equities and to core real estate, confirmed Daniel R. Owens, executive director of the $160 million plan. The fund will put $12 million in a commingled or institutional mutual fund benchmarked against either the MSCI EAFE or the All Country World ex-U.S. indexes and $5 million in an open-end commingled real estate fund. Funding for both investments will come from reducing the plan's overall fixed-income, large-cap and midcap equity and high-yield exposure. "We're paring some of those down" to further diversify the plan's funds, Mr. Owens said.