Denver Employees Retirement Plan reduced its master limited partnership allocation to 5% from 7%, confirmed Randall Baum, chief investment officer for the $2 billion pension fund.
The 2-percentage-point difference will be reallocated equally to domestic and international equities.
After this adjustment, the plan will have a 22% allocation to domestic equities and 14% to developed markets non-U.S. equities.
The change was made at the board's meeting July 17.
