Aurora (Colo.) General Employees' Retirement Plan will start an asset/liability study with its investment consultant, Callan Associates, next month, said Thomas Connell, pension plan administrator, in an email.
Mr. Connell said some new asset classes and/or mandates could be implemented as a result of the study. He did not have specifics.
The pension fund board reviews the asset allocation every four years, Mr. Connell said.
The roughly $420 million pension fund's current targets are 25% fixed income, 20% domestic large-cap equity, 16% international equity, 10% each private equity partnerships and real estate, 9% domestic smidcap equity and 5% each timberland and master limited partnerships.