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Maryland Ups Alts. Portflio
October 31, 2008
The $34 billion State Retirement and Pension System of Maryland has reportedly increased its alternatives portfolio from 15% to 35% while decreasing its equities and fixed-income exposure.
The plan’s alternatives book includes private equity, real return and absolute return managers. Mansco Perry, chief investment officer, has said that the plan will hire managers to fill out the mandate but did not specify a timetable for the searches.
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