Illinois State Board of Investment is reviewing its asset allocation for potential changes to reduce volatility after lowering its assumed rate of return on investments to 7.25%.  ISBI’s actual asset allocation is 30.7% U.S. equities, 22.1% fixed income, 20.3% international equities, 9.8% hedge funds of funds, 9.5% real estate, 4.3% private equity and 3.3% real assets.