Maryland State PE plan on pace, doles out $1.3bn

The $70 billion Maryland State Retirement and Pension System is tweaking its asset allocation, particularly in the area of private equity, but with its credit holdings, real assets, and absolute returns strategies also subject to commitment changes.

At its November meeting, the system trustees approved an investment transition plan presented by the plan’s staff and its consultant, Meketa Investment Group. The board’s goal is to see the plan completed by next July, a fund official stated.

The recommended investment plan has a higher allocation to private equity and rate sensitive investments, which reflects . . .

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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