The $39 billion Connecticut Retirement Plans and Trust Funds has adopted a new strategic asset allocation with an increase private asset class exposure of 13% in order to increase the risk adjusted returns for the portfolio.
Connecticut State Treasurer Shawn Wooden said that he was confident that the portfolio is in a solid position to ride out any remaining market volatility. He also added another $400 million in alternative investments with emerging and diverse investment managers in the past month.
Specifically, with the state’s private markets portfolio Treasurer Wooden committed $300 million to multi . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
