News Briefs: Arizona Treasury, board OK 20% TIPS allocation.(News Briefs)

Pensions & Investments, November, 2005

PHOENIX - Arizona State Treasury and the Arizona State Board of Investment approved a 20% allocation to Treasury inflation-protected securities, said Blaine Vance, chief deputy treasurer. The treasury and board of investment have combined land trust assets of $1.6 billion, all internally managed.

Officials were looking for an asset class that wasn't correlated to stocks and bonds, Mr. Vance said. Funding will likely come from new state land trust sales and trimming other asset classes, but no decisions have been made. Trinity Consulting assisted. Savannah shifts to Russell 200 enhanced index fund SAVANNAH, Ga. - The Savannah Pension Fund moved roughly $10 million to a Russell 2000 enhanced index portfolio from a Russell 2000 index fund, both run by State...

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