Knoxville Creates New Allocations

June 23, 2008

As first reported on imweekly.com (6/18/08), the $540 million City of Knoxville Pension Board will meet with consultant Dan Holmes of Summit Strategies next month to discuss ways to implement recently approved allocations, said Mike Cherry, executive director at the fund. Following the results of an asset/liability study, the plan decided to carve out allocations of 11% to portable alpha, 5.5% each to emerging markets equity and international small-cap equity and 5% each to private energy and private equity, Cherry said. Within fixed-income, the fund will allocate 10% to absolute return strategies and 5% to core-plus bonds.

The full article is available to Investment Management Weekly subscribers only

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.