The Arizona State Retirement System in Phoenix is expanding its credit asset class with a focus on niche private debt strategies that have the potential to outperform much of the system’s portfolio in the years to come.
At trustees’ December meeting, the implementation plan was presented for the $42 billion pension system to place $2.6 billion in additional commitments with the fresh capital slated to go to existing managers with expected returns ranging from 10% to 15%.
Back in September, a senior portfolio manager on the pension fund’s fixed income team told . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
