Holyoke to mull move into private equity

Holyoke (Mass.) Retirement Board is considering the addition of a private equity allocation, Daniel Owens, executive director of the $250 million fund, said Monday at Information Management Network’s Public Funds Summit in Huntington Beach, Calif. No allocation amount has been determined, and a funding source has not been established. The board will discuss the issue at an April board meeting, Mr. Owens said. The board currently invests 35% in domestic large-cap equities, 23% in international and emerging markets equities, 20% in fixed income, 9% combined in domestic small-cap and midcap equities, and the rest in real estate, he said in an interview.