Trustees for the $9 billion Employees’ Retirement System of Rhode Island approved a $40 million allocation to Aristeia Capital within the pension's absolute return program.
Aristeia offers a relative value opportunity strategy in credit markets with a focus on downside protection. Consulting firm Cliffwater emphasized Aristeia’s complementary strategy would add diversification to the $670 million absolute return portfolio in the December. The firm also noted Aristeia’s strong generation of alpha and institutional background of the firm.
Following the December trustee meeting, the retirement system surpassed the $9 billion asset mark following strong . . .
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