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Last updated 7 hours ago
Mar 19 2010 | 9:07am ET
The Missouri State Employees’ Retirement System has invested $160 million in alternative investment funds.
The $7 billion public pension awarded the mandates to four hedge funds and private equity funds in the fourth quarter, Pensions & Investments reports.
Three hedge funds each received $50 million allocations. Brevan Howard Asset Management will manage a global value and relative value strategy for MOSERS. Diamondback Capital Management and Elliott International each received multistrategy mandates.
MOSERS also invested $10 million with private equity firm DRI Capital.
MOSERS investment portfolio earned $1.1 billion in 2009, with an investment return of 18.5% for the 1-year period ended Dec. 31, 2009.