PLYMOUTH, Mass. - The $240 million Plymouth County Retirement System is considering increasing its investments in venture capital and real estate toward the end of the year.
John McLellan, county treasurer, said the additional investments would be made "to further diversify the fund and bring ourselves closer to the (target) allocation." Its target allocation to each asset class is 5% of assets, or about $12 million each, but it has only $5 million in venture cap and $7 million in real estate.
Mr. McLellan said the fund won't decide until the fall whether to search for new managers. Funding would come from cash flow.