Laredo Firefighters' Increases Target to US Large Cap

The Laredo Firefighters’ Retirement System has approved changes to their target allocations including an 8% increase to US Large Cap Equities.

The US large cap equity target increased from 23% to 31%.

As a result, US mid cap equities were lowered from 8% to 4%, and US small cap equities was lowered from 10% to 6%.

The board also approved the creation of a 1% allocation to private real estate. Public real estate was reduced from 5% to 4%.

Consultant, FEG Investment assisted.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

MBTA Retirement Swaps $175M in SSGA Funds for MassPRIM
October 22, 2024

Dallas Police & Fire to Increase Private Equity, Credit Allocations
September 26, 2024

Ohio SERS Commits $275M to Alts
July 25, 2024

Alameda County Retirement Approves Asset Allocation Updates
July 22, 2024

PA SERS Commits $100M to Real Estate; Approves U.S. Equities Allocation Target
June 21, 2024