Norwalk City Employees Increases Target to Core Fixed Income

The Norwalk City Employee Retirement System has approved increasing it’s target to Core Fixed Income, raising it to 23% from 19%.

As a result, the target allocation for Hedge Funds saw a decrease of 4%, bringing the new target to 8%.

U.S. Equity has an approved target allocation of 35%. 

International Equity has an approved target of 23%. 

Private Equity has an approved target of 3%. 

Core Fixed Income saw an increase of 4%, bringing the target to 23%. 

Real Assets has an approved target of 6%. 

Lastly, Cash Equivalents has an approved target of 2%. 

As of February 29, 2024, Norwalk City Employee Retirement System has a market value of $506.8 million. 

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