MassPRIM to seek diverse managers, boosts RE portfolio leverage

The $96 billion Massachusetts Pension Reserves Investment Management board (MassPRIM) announced its plans for an additional $1 billion mandate within its diverse manager program, in addition to numerous new fund allocations across the alternative investment spectrum.

Earlier this year, officials revealed the pension’s FUTURE initiative, which slated a diverse investment manager outside its emerging manager program that would total 20% of assets.  Last fiscal year, PRIM placed $1.2 billion with . . .

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