The $208 million Worcester (Mass.) Retirement System plans to do a major asset allocation and actuarial study, said James A. DelSignore, city auditor and trustee. Hannah Group, its consultant, will assist.
``We might choose to be less conservative,'' he said. Its current domestic equity allocation is 37%, based on a 20% to 40% range.
The study may consider moving to indexing in part to reduce costs.
He said the fund could begin the study this summer after finalizing a hiring of an international manager, which is expected by the end of the month, and evaluating its venture capital investments.