Milwaukee City Retirement Increases Targets to Fixed Income and Private Equity

The Employees’ Retirement System of the City of Milwaukee has approved a new target asset allocation mix that was recommended by Callan.

The new target asset allocation mix decreases Public Equity by 5% and reduces the target to Absolute Return by 3%.

The Core Fixed Income target was increased by 5.99% to 18.05% of the portfolio. High Yield was increased by 4.3%. And the private equity target was increased by 2%.

Approved Target Asset Allocation Mix:

Public Equity: 39% (-5%)
Core FI: 18.05% (+5.99%)
High Yield: 9.94% (+4.3%)
Real Assets: 13%
Private Equity: 12% (+2%)
Absolute Return: 7% (-3%)
Cash 1%

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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Milwaukee City Retirement Increases Targets to Fixed Income and Private Equity

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