The Fresno County Employees Retirement Association (FCERA) has increased its allocations to international large-cap equities, emerging markets equities, TIPS and commodities, Global Pensions reports. The additional allocation comes from the expense of small/mid U.S. equities, international small-cap and high yield fixed income. The retirement system has now allocated 15% to international large cap, 5% to emerging markets and 4% each to TIPS and commodities. FCERA has also appointed Research Affiliates to run an international value mandate based on its fundamental indexing strategy.
Click here for the story from Global Pensions.