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 . . .
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