National Railroad Retirement Investment Trust. Annual Management Report for Fiscal Year 2007

Fiscal year 2007 was a year of continued growth for the National Railroad Retirement Investment Trust (Trust). It was also a year of structural change in the investment operations of the Trust. During this year, the Trust completed the asset allocation review begun in fiscal year 2006 and took steps to implement a new plan architecture. This new plan architecture expands the Trust's policy benchmark to add three additional macro asset classes for continual investment and up to 18 micro-asset classes for opportunistic investments and further defines asset allocation across a spectrum of various risk levels. In addition, the new structure targeted a certain percentage of Trust assets for investment in global balanced mandates under which investment managers make continual selections among asset classes. The new plan structure also incorporates budgets for metrics such as excess return, tracking error, and cost, for all types of portfolio activity. Details of the new plan architecture are discussed in Section 3 of this report.

Language

  • English

Media Info

  • Media Type: Print
  • Pagination: 46p

Subject/Index Terms

Filing Info

  • Accession Number: 01150565
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Feb 15 2010 12:13PM