Connecticut Beefs Up 130/30 Studies

May 20 2008 | 11:29am ET

The $25.9 billion Connecticut Retirement Plans and Trust Funds is looking to learn all it can about the 130/30 space through its consultant, Mercer.

Mercer representatives were on hand last month at the plan’s investment committee meeting to present an session on active extension strategies for the plan’s traditional asset classes. According to minutes of the session, Mercer explained the objective, execution and implementation of the strategy to the plan and explained the difference between 120/20 and 130/30 strategies.

During the session, Treasurer Denise Nappier noted that 130/30s are an evolving strategy in the institutional marketplace for pension funds, and that institutional managers are experienced, have multiple strategies, and typically manage more assets than hedge fund managers. Rashid Assan of Mercer also noted that long-term tracking records are inconclusive for the fledgling strategy.


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