Tennessee Consolidated Retirement System, Nashville, will conduct an asset-liability study in the first quarter, confirmed Michael Brakebill, chief investment officer.
The $31.4 billion system's investment consultant, Strategic Investment Solutions, will conduct study, which is done roughly every five years. SIS conducted the last study for the system about five years ago, Mr. Brakebill said in a telephone interview.
Mr. Brakebill said the system will “look at every potential (asset class) to make sure we do our due diligence.”
There is no specific time frame for completion of the study, but it will most likely be done in the first quarter, according to Mr. Brakebill.
As of June 30, the system's asset allocation was domestic fixed income, 36.2%; domestic equities, 32.4%; international equities, 14.2%; inflation-hedged fixed income, 8.2%; international fixed income, 3.6%; real estate, 3.4%; short-term investments, 2%.