The $7.9 billion Rhode Island pension system has allocated to unique opportunities in private equity and securitized credit totaling $320 million following its April trustee meeting.
Loomis Sayles was hired to manage they pension’s securitized credit allocation, which is roughly $260 million or 3.25% of the overall investment portfolio.
According to a presentation from consultant NEPC, Loomis employs a duration neutral value strategy that seeks broad exposure to the investment grade securitized market through a fundamental approach. The firm’s $1.3 billion portfolio invests in agency MBS, CMBS, and non-agency . . .
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