New York City’s Comptroller William Thompson is reportedly mulling investing some of the city’s $100 billion pension fund into U.S. infrastructure funds and hedge funds.

Thompson, in an interview with CNBC last week, said the fund was looking at some very conservative hedge fund strategies and that “perhaps this is a good time to get in," Reuters reports.

About 44% of the city’s pension funds now are invested in U.S. equities, 29% in fixed income, and 18% in international equities. Private equity and real estate combined account for 7%, and the final 2% is invested in cash and so-called “opportunistic investments.”

Thompson also said the fund was exploring domestic infrastructure funds, which is “another area where perhaps we will see great demand.”