Asset allocation strategies that are becoming increasingly complex are resulting in greater use of alternatives — more by corporate defined benefit plans than by public ones. (Photo: Getty)

Defined benefit plans in the United States are increasingly turning to alternative investments, as well as outsourcing, as they pursue better returns as well as better portfolio diversification.

That’s according to a report from Boston-based marketing firm Cerulli Associates, which said that many defined benefit plans are seeking the support of an outsourced chief investment officer to help with dynamic asset allocation decisions.

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