IPERS corrals firms for private credit, AR strategies

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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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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