Chicago Laborers' Annuity & Benefit Fund is conducting an asset-liability study, according to recently released minutes of the $1.4 billion pension fund's July 17 board meeting.
Investment consultant NEPC is conducting the study after recommending the pension fund make no more private equity commitments this year because of liquidity needs, according to the minutes.
Further information on when the study will be completed was not provided.
The pension fund's actual asset allocation as of March 31 was 51% domestic equity, 17.3% fixed income, 14.3% international equity, 5.9% emerging markets, 4.1% hedge funds, 3.4% private equity, 2.7% real estate and 1.3% cash.
James Capasso Jr., executive director, did not return a telephone call for additional information by press time.