The $82 billion Virginia Retirement System added managers and funds across credit, private equity and real asset portfolios over the summer to the tune almost $2.5 billion across a three-month timeframe.
Even with $34 billion in alternative strategies, VRS has seen a return of -4% in the first six months of 2020. With all strategies, except for fixed income finishing the first half of the year in the red.
The most assets went into credit strategies, including $750 million to fund being offered by consulting firm Aksia. The Aksia Private Credit is set . . .
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