The New York State Teachers Retirement System (NYSTRS) has added a new 2% target investment to global bonds as part of a target adjustment, Pensions & Investments reports. The Albany-based system’s retirement board also raised its international equities target from 15% to 18%.
The domestic equities target was decreased from 42% to 37%. Hewitt EnnisKnupp will serve as consultant to devise a strategy for managing the new global bond allocation. The targets for other assets stand at 18% for domestic fixed income, 10% for real estate, 8% for mortgages, 7% for private equity and 0% for cash.
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