Louisiana Clerks of Court Retirement and Relief Fund, Baton Rouge, increased its target allocation to fixed income and cash to 30% from 25% and reduced its targets to both domestic and international equities.
The $724 million pension fund's board approved the changes at its June 20 meeting, recently released meeting minutes show.
The domestic equity and international equity targets are being reduced to 35% and 20%, respectively, from 38% and 22%. The target to real estate remains unchanged at 15%.
The minutes do not provide further information on whether any manager searches or terminations may result from the changes.
As of March 31, the actual allocation was 35.4% domestic equities, 22.4% fixed income, 20.7% international equities, 10.4% real estate, 6.5% cash and 4.6% infrastructure.
Investment consultant AndCo Consulting assisted.
Debbie Hudnall, executive director, could not be immediately reached for further information.
