Denver Employees Shifts Alts Allocations

The Denver Employees Retirement Plan (DERP) approved six changes to their alternatives asset allocation mix according to recently published meeting minutes from their July 19 board meeting.

NEPC recommended the changes, saying it believes they will slightly improve 10- and 30-year return projections while also slightly lowering volatility.

The changes include a 2% decrease in emerging market equity, core real estate, and emerging market debt asset classes, eliminating all allocations in the case of emerging market debt.

Offsetting those decreases, DERP approved a 2.5% increase to private debt, a 2% increase to private real estate debt, and a 1.5% increase to private real assets infrastructure.

According to Dakota data, DERP has $2.64B in assets under management.

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