Updated with correction July 16, 2012.
San Bernardino County (Calif.) Employees' Retirement Association increased global public markets equity by four percentage points to 26%, reduced fixed income by two percentage points to 33% and lowered real assets by two percentage points to 9%, Nicole Dailey, communications officer for the $6.1 billion fund, said in an e-mail.
No further information was available at deadline on whether the new allocation, adopted at the board's July 5 meeting, will result in manager changes. Other asset classes were left the same, at 2% to cash and 30% to alternatives.
Separately, fund officials committed $45 million to Tennenbaum Waterman Fund, a private equity fund, Ms. Dailey wrote.
The board hired Roubini Global Economics on a two-year contract to provide research services and hired Maples Fund Services to replace MSCI Barra Risk Reporting Services for risk reporting.
Ms. Dailey noted the county pension fund is not affected by the city of San Bernardino's recent bankruptcy filing because the city is not affiliated with the county retirement system.
