The Massachusetts Pension Reserves Investment Management (PRIM) board approved numerous alternative investment strategies in the first quarter, according to a monthly board update recently released by the $90 billion pension fund system.
Private equity investments led the way with 10 funds receiving commitments. The moves follow the steady performance of the asset class that achieved one of its highest annual returns in PRIM’s history with annualized gains of 35.9% through March 31, 2021. The top performing asset class was global equities, which returned 58.5% over the same time frame and led to the pension . . .
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