Saturday, 25 March 2017
Last updated 9 hours ago
Mar 31 2006 | 12:00am ET
The $40 billion Massachusetts Pension Reserves Investment Management Board expects to approve RFPs for an international equity manager and a portable alpha manager at its April 4 board meeting, said Mike Travaglini, executive director.
In February, the fund approved a maiden investment into portable alpha of up to $2 billion and increased its international equity exposure by 5% to 20% (FINalternatives, 2/10). The board will also vote on whether to recommend a number of private equity investments, though Travaglini declined to name the firms. The fund has also issued an RFP for a hedge fund consultant because the contract of incumbent New England Pension Consultants expires in April.