Wednesday, 29 July 2015
Last updated 24 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…