Shelby County Retirement System, Memphis, Tenn., might search for managers to run about $50 million in master limited partnerships as the result of an upcoming asset allocation study, said David Pontius, manager of pension investments.
The $1.1 billion pension fund's board of trustees approved the asset allocation study at its meeting on March 11, according to Mr. Pontius.
The study will be conducted by Wilshire Associates, the pension fund's investment consultant hired last October to replace Consulting Services Group. The March 11 meeting was the first with Wilshire.
As of Dec. 31, the pension fund's actual allocation was 40.7% domestic equity, 23.1% fixed income, 17.3% international equity, 11.5% alternative investments, 3.7% private equity, 2.1% private real assets, and 1.6% operating cash.
