The Investment Board of the Iowa Public Employees' Retirement System (IPERS) last Friday approved the hiring of 20 investment management firms to manage various private credit and absolute return strategies within its $45.2 billion portfolio.
"In late 2020, the Investment Board directed IPERS staff to implement an ambitious allocation plan," IPERS CEO Greg Samorajski stated in a press release. "Since then, we've worked diligently to strategically acquire the resources necessary to implement this plan and ensure its success. This marks another milestone in that process as the Board approves hiring several new external . . .
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