Missouri Local Government Employees Retirement System, Jefferson City, may make its first private equity investment, said CIO Brian Collett.
The system plans to invest up to $175 million in the next year; the allocation would be added for diversification, he said. Officials of the $3.5 billion pension plan scheduled an asset-liability study for the third quarter and have an education session scheduled for the December board meeting. Mr. Collett said he hopes any investment decisions will be made by the first quarter of 2007. There are no plans to issue an RFI.
The plan has $245 million in alternative investments, a combination of commodities, managed by PIMCO, and timber, managed by RMK Timberland Group.
The plan does not use a consultant.
