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Graphic: Public pension funds look more to alternatives

Both state and local pension plans saw their alternative asset exposure increase at the end of 2015, according to data released by the Center for Retirement Research at Boston College last week. State plan alternative asset allocations increased to 25.5% from 24.1% in the year. and local plan allocations rose to 20.2% from 19.2%.

The report also highlighted how local plans are closing the gap in funding ratios with state plans attributing more aggressive allocations along with stricter funding policies as sources of the improvement.