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Connecticut pension plan allocates $150 million to 2 alts fund

Connecticut Retirement Plans & Trust Funds, Hartford, committed a total of $150 million to two alternatives funds. Shawn T. Wooden, state treasurer and fiduciary of the $40 billion state pension system, announced at the state's investment advisory council Wednesday his decision to commit $100…

Chicago Laborers plan taps Neuberger Berman for volatility strategy

Chicago Laborers plan taps Neuberger Berman for volatility strategy Chicago Laborers plan taps Neuberger Berman for volatility strategy Neuberger Berman to run $50 million in a volatility risk premium portfolio. The $1 billion pension fund s board approved the investment in the manager s U.S. Equity Index PutWrite strategy at a March 11 special meeting, recently released meeting minutes show. The pension fund issued an RFP in October for volatility risk premium managers. According to the meeting minutes, the other finalists were DGV Solutions, Gladius Capital Management and Parametric Portfolio Associates. The board also approved a commitment of $10 million to value-added real estate fund

Treasurer Wooden Announces $200M In Commitments

UpdatedMon, Apr 19, 2021 at 8:04 am ET Reply April 19, 2021 At last week s Investment Advisory Council (IAC) meeting, Connecticut State Treasurer Shawn T. Wooden announced his decision to commit $100 million to the BlackRock Global Renewable Power Fund III, a renewable power generation infrastructure asset and $50 million to Rubicon First Ascent, L.P., a value add real estate asset. Treasurer Wooden also announced his decision to commit $38 million to Icon Partners II, L.P., and $11.5 million to Icon Partners III, L.P., both of which are fund extension opportunities within the CRPTF s private equity allocation. Connecticut s first credit rating upgrade in over 20 years, historic high Budget Reserve Fund, and strong cash position continues to put the State on a stronger financial footing, said State Treasurer Shawn Wooden. Due to our continued focus on fiscal sustainability and prudent decision making, the CRPTF has been able to focus on committing capital to those managers th

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