Michigan Municipal Employees’ Retirement System, Lansing, will conduct a risk analysis of the $5.1 billion defined benefit plan next year to be used as the basis for a full asset allocation review, said Jeb Burns, chief investment officer.
Results of the risk analysis are expected in March, and the asset allocation review is slated to be completed in July. The fund’s investment staff conducts an asset review every five years, Mr. Burns said.
Mr. Burns said he “has some ideas” for the pension portfolio, but he would not elaborate on the possible changes, stressing that “everything is on the table.”
