Seattle City Employees' Retirement System is conducting an asset allocation study, recently released minutes of the board of trustees' Aug. 8 meeting show.
Recommendations on a new allocation could be made this month, with an implementation process discussed in November. Pension Consulting Alliance is conducting the study.
As of June 30, the $2.1 billion pension plan had 33.1% in domestic equity; 27.7%, international equity; 19.4%, domestic fixed income; 11%, real estate; 8.6%, alternatives; and 0.2% in cash.
Separately, the plan approved terminating, for performance reasons, Attucks Asset Management, which oversaw a $140 million manager-of-managers domestic equity portfolio. The assets will be moved to a passive domestic equity portfolio, according to the minutes.
Neither Les Bond Jr., CEO of Attucks, nor Ken Nakatsu, interim executive director for the Seattle pension fund, returned a call for comment by press time.