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VRS hires for trend-following amid $1.9bn in alts commitments

Susan BarretobySusan Barreto
April 13, 2023
in Hedge Funds, Investor News, Mandates, Mandates, Mandates, Mandates, Pensions, Private Credit, Private Equity, Real Estate/Infrastructure
VRS hires for trend-following amid $1.9bn in alts commitments

Richmond, Virginia, cityscape by SeanPavone/Envato Elements

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The Virginia Retirement System (VRS) in Richmond announced a slew of alternative investment hires including a commitment to Man AHL within its risk-based investments portfolio.

The trend following strategy is in addition to Systematica Investments, which was hired late last year to manage $1.8 billion in a currency overlay program. Man AHL received a $300 million commitment.

Overall, $1.9 billion was allocated . . .

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Read more about: Ares ManagementCTAs/Managed FuturesHellman & FriedmanOak StreetOaktree CapitalPantheonPenwood Real Estate Investment ManagementVirginiaVirginia Retirement System
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PGIM taps Merrill Lynch exec to lead retail distribution

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