WPS Resources, Green Bay, Wis., will consider increasing its international equity exposure upon completion of an asset allocation study later this month, said Jerry Meyers, CIO for the $500 million defined benefit plan.
An increase could mean hiring additional foreign international managers, said Mr. Meyers. Oechsle International Advisors currently manages a $50 million international equity portfolio for WPS.
Becker, Burke Associates is conducting the study.Teacher Retirement System of Texas, Austin, is considering changing its international equities allocation to 80% active and 20% passive, said Jim Hille, investment officer, international equities.
The $70 billion fund's current international equity mix is 50% active and 50% passive.
In the past few years, the system has had ``positive alpha with the active strategy,'' Mr. Hille said. If approved at October's board meeting, the change would take a year, Mr. Hille said.
The fund has $5.6 billion in international equities and runs the money in-house, with a target of close to $7 billion or 10% of the total fund, Mr. Hille said. Future allocations would be funded by cash, he said.