Omaha (Neb.) Police and Fire Retirement System is adding new allocations to timberland, active international small-cap equities, emerging markets equities and TIPS, said Carol Ebdon, city finance director. The $465 million system is allocating 10% of total assets to timber and 5% each to the other new allocations, the result of a recently completed asset allocation study. It also reduced its domestic large-cap equity allocation to 25% from 38%; domestic small-cap equities to 15% from 17%; and fixed income to 12% from 25%. It increased its international large-cap equities to 13% from 10%, and left real estate unchanged at 10%.